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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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
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Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
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A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
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