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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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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