SAN DIEGO - (05/22/06) Credit unions have weighed-inheavily in support of an old congressional supporter making acomeback after being ousted from the House in the 2000 elections.CUNA has contributed the maximum $15,000 to the campaign ofRepublican Brian Bilbray, who is running to fill the vacancy in thestates 50th congressional district created by the convictionon corruption charges of long-time Rep. Randy DukeCunningham, who is headed to prison. Bilbray came in a distantsecond to Democrat Francine Busby in a special election in thisheavily Republican district, but qualified for a run-off becauseBusby failed to receive the required 50% of the vote. CUNA was ableto exceed the normal maximum contribution for Bilbray becausecontributions were segregated between special election and generalelection funds.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
February 9 -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
February 9 -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
February 9 -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
February 9 -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
February 9





