- SOUTHFIELD, Mich. (07/19/02) -- TheMichigan CU League, which has gotten fully behind 13-term Rep.David Bonior in his race for the Michigan governorship, has createdan e-promotion piece that can be sent to voters by credit unionstaff and volunteers. The league has already printed more than100,000 statement stuffers supporting Bonior, one of threecandidates running in the Democratic primary. League PresidentDavid Adams is doing a newspaper tour in support of the candidate,who was one of the first supports of HR 1151, the CU MembershipAccess Act, and has been a long-time credit union backer. "'Love'is a special word, one I use in reference to my spouse, my childrenand my close friends. But I stood on the floor of the House andsaid, 'I love my CU,' and I really do," Bonior says on thee-postcard.
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As gas prices surge, small businesses — particularly in agriculture and transportation — have struggled to keep up. For banks, this has brought a combination of short-term benefits and long-term concerns.
9h ago -
The neobank reported a 25% year-over-year increase in revenue for the quarter ended March 31, with active users jumping 19% to 10.2 million. The company also raised its full-year 2026 guidance and authorized a $200 million share repurchase program.
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The newly opened bank founded by big tech executives reached the deposit milestone within its first quarter of operations, according to a recent call report.
10h ago -
Banks are mixed in their adoption of buy now/pay later and installment lending, according to American Banker research. Those that offer or are planning to offer it say that the primary motivating factor is to stay competitive.
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Citi payments exec Driss Temsamani said there's more work needed to bridge gaps to enable artificial intelligence to work broadly for payments and finance.
May 6 -
On Thursday, Citi will hold its first investor day in four years. The megabank, which has undergone substantial change under CEO Jane Fraser, is expected to share its strategy for driving higher profitability, deploying AI and ramping up shareholder returns.
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