WASHINGTON - (12/03/04) -- CUNA was busy in the final two weeksof the congressional elections doling out contributions to favoredcandidates and their campaigns. Federal Election Commission reportsreleased Thursday show CUNA made $244,858 in contributions in thefinal two weeks of the elections, including an unprecedented$155,858 in independent expenditures on behalf of two candidates,Pennsylvania Democratic State Sen. Allyson Schwartz, who won hercampaign for the House, and Republican Rep. Phil Crane, who lost abid for a 19th term. CUNA also made 38 contributions to alliedcandidates in the final two weeks, including 22 contributionstotaling $50,000 on Oct. 14. The biggest checks, all for $5,000, inthose final days went to: Greg Walcher, R-Colo., David Reichert,R-Wash., Nancy Naples, R-N.Y., William Clay, D-Mo., Steve Chabot,R-Ohio, Heather Wilson, R-N.M., and Virginia Foxx, R-Va.. All butWalcher and Naples were victorious. CUNA has also been helpingsuccessful candidates replenish their campaign funds after theelections, making a total of 15 contributions for $20,500 sinceelection day. During the 2003-2004 campaign, CUNA set new highs,for funds raised, and for spending $3.4 million, including $2.6million in contributions to candidates and the two major politicalparties.
-
Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
5h ago -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
6h ago -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
9h ago -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
11h ago -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
11h ago -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25