ARLINGTON, Va. - (02/01/05) -- NAFCU's political action committeemade major strides during the last elections, doubling its campaigncontributions to $292,000 and its fundraising to $330,000. BradThaler, vice president of government affairs said NAFCU's boardmade a concerted effort to expend more of the association'sresources to political action in the 2003-2004 elections. Theadditional funds available allowed NAFCU to some things it hadn'tbeen able to in the past, including attending the Republican andDemocratic conventions and contributing to congressional leadershipPACs. Thaler said NAFCU wanted to cite Members 1st FCU ofMechanicsburg, Pa., as winner of its 'White Hat' award for thesecond straight year for raising the most money for NAFCU's PAC,$45,000.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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The Senate passed President Trump's tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump's July 4 deadline.
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