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.
-
Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
March 20











