WASHINGTON - (10/25/04) -- A $5,000 contribution to Coloradosenate candidate Ken Salazar; $1,000 for Rep. Mark Foley ofFlorida; $500 for Rep. Mike Doyle of Pennsylvania. CUNA's politicalaction committee has been feverishly doling out campaigncontributions to candidates from Maine to California over the pasttwo weeks--$140,000 to 90 different candidates, all distinguishableby their avowed support for credit unions. "I feel a little likeGeorge Steinbrenner in that Visa commercial," said CUNA politicaldirector Richard Gose, referring to the television ad showing theNew York Yankees owner with an injured hand from writing too manychecks. "We've been spreading it out quite a bit, now that it'sdown to the wire," Gose told The Credit Union Journal. Among thecandidates receiving the maximum allowable $5,000 contribution forthe general election in the past two weeks are: Reps. John Dingell,D-Mich., Carolyn Kilpatrick, D-Mich., Fred Upton, R-Mich., VernonEhlers, R-Mich., and newcomers Thelma Drake, R-Va., and JeffFortenberry, R-Neb. CUNA has made over $2.6 million in campaigncontributions during the current election cycle, including almost$300,000 to 140 candidates over the past six weeks.
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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.
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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 -
Like the Olympics, the event is used to push and measure engagement and appetite for emerging checkout options.
June 18 -
The Treasury's Financial Crimes Enforcement Network and federal banking and credit union agencies limited issuers' know-your-customer obligations to direct-to-consumer services, preliminarily rejecting a "global" customer due diligence requirement they say is unfeasible.
June 18 -
The bank is following in the footsteps of Goldman Sachs, which made a similar move in April.
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