LANSING, Mich. - (10/18/04) -- It didn't take long for the MichiganCU League to make amends with congressional favorite John Schwarzfor endorsing Schwarz's primary opponent Clark Bisbee. Officialswith the league met with Schwarz soon after the Republican primaryto explain their support for Bisbee, chief House sponsor of lastyear's credit union reform bill, and walked away with Schwarz'spledge to support the credit union tax exemption and an agreementto work together if Schwarz wins election in this heavilyRepublican district, according to Patrick LaPine, chief lobbyistfor the league. "Lucky for us, we felt all along if John Schwarzended up winning we could work with him," LaPine told The CreditUnion Journal. The political fence-mending was reminiscent of theleague's 2002 make-up with Rep. John Dingell, after the league wasforced to support Dingell's primary opponent Lynn Rivers in theprimary because of her superior record on credit union issues.Schwarz is widely expected to win the state's seventh districtHouse seat, where Republican Nick Smith is retiring after sixterms.
-
The bank is launching KeyVAM, a virtual account management offering it designed with fintech Qolo. Both companies said the nature of the relationship was as important as the technology it produced.
1h ago -
The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
5h ago -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27