WASHINGTON, D.C. - (11/09/04)The 108th Congress will reconvenenext week for a short lame-duck session, and bothCUNA and NAFCU believe lawmakers will focus on taking care ofbudget issues and not much else. They will deal with theappropriations bills and get home, said CUNAs GaryKohn. But there is talk of an omnibus bill, and Kohn said CUNA islooking for any opportunities to get bankruptcy reform tacked on toit, although lobbyists anticipate bankruptcy reform will nowprobably have to wait for the 109th Congress. Some organizationissues will also be on tap, with Harry Reed the heir apparent toSen. Tom Daschles Minority Leader throne in the Senate. BothNAFCU and CUNA expect Illinois Dick Durbin to be namedMinority Whip. Committee assignments will also be on the docket, asthe Republicans took additional seats in both the House and Senate.The Republicans could get an extra seat on eachcommittee, noted Kohn. And the Democrats may losesome of their funding for committee staff. NAFCUsBrad Thaler said he expects to see Sen. Arlen Specter (R-PA) takeover as chairman of the Senate Judiciary Committee. Although Thalersaid its likely lawmakers will just take care ofappropriations and organizational matters and not much else nextweek, he said work on intelligence reform is possible.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








