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 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.
February 9 -
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





