WASHINGTON - (06/21/06) Credit union executivessuppered with bankers, and rivals of all kinds came together Mondayto raise a record $27 million for the Republican Party at theannual Presidents Dinner. President Bushaddressed about 5,000 of the GOPs strongest supporters whoreceived tickets because of their campaign contributions to theparty. Executives from the Pennsylvania CU Association,representing CUNA, sat with freshman Pennsylvania Rep. MichaelFitzpatrick, who the league is supporting for reelection. CUNAreceived tickets to the event, along with entry to numerouspolitical briefings and policy luncheons, in exchange for the$15,000 a year it contributes to both the National RepublicanSenatorial Committee and the National Republican CongressionalCommittee, which sponsored Mondays affair. Thetickets come complimentary with our contributions, which also comeswith tickets to various special events, Trey Hawkins,political director for CUNA, told The Credit Union Journal. Hawkinsemphasized that CUNA also has entry to Democratic committee bymaking identical contributions every year. CUNA contributes$180,000 to each parties major organizations every electioncycle.
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A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
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The bank and fintech entered an agreement to expand open banking ahead of the CFPB's new 1033 rule and announced joint fraud-combatting product improvements.
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A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.
March 13 -
Investors claim JPMorganChase collected fees while ignoring suspicious transfers linked to a $328 million crypto Ponzi scheme.
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Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
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Billy Beale, who was hired to clean up Virginia-based Blue Ridge Bankshares after its failed foray with fintechs, has left the $2.4 billion-asset company. His successor is Harry Golliday, who was named interim CEO.
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