WASHINGTON, D.C. - (11/09/04With all signs indicatingbankruptcy reform will have to wait for the 109th Congress, NAFCUand CUNA are working to ensure it is high on the priority list forthe next session. The Republicans have managed to grow its majoritystatus in both the House and Senate and maintain George Bush in thepresidency, but that doesnt mean that the compromises andagreements that have brought this bill so close to passing in thisand previous Congresses will mean quick and smooth sailing in the109th Congress. There are some new players in Congress, sowe will have to wait and see how the issues play out, saidNAFCUs Brad Thaler. Sen. Charles Schumers amendmentensuring that attackers of abortion clinics cannot use bankruptcyto get out of paying fines has proven an effective means ofstalling the bill in the past, Thaler noted, but its unclearwhether that will be the issue this time around. And although theGOP picked up seats in both the House and Senate, the Dems stillhave enough senators on their side of the aisle to filibuster themeasure.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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