- 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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Fed Chair Jerome Powell, speaking at a press conference after the December FOMC meeting, said the central bank is holding interest rates steady until it gets more clarity on the economy.
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Charlie Scharf has a mostly optimistic take on Wells' consumer banking prospects entering 2026. But he's more downbeat about the company's once-dominant residential mortgage business.
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The DOJ says the Ukrainian national helped coordinate Russian state-sponsored DDoS attacks against banks internationally.
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The House Financial Services Committee discussed allowing banks to experiment with artificial intelligence with a waiver from regulatory penalties, including consumer protection laws, in a hearing.
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The card networks entered separate partnerships to tap the remittance market, while the French payment company continued its turnaround strategy following regulatory and economic challenges.
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