BOSTON - (07/27/04) -- NAFCU said it raised more than$40,000 for its political action committee during the group'sannual convention in Vancouver last week, one of their bestfundraisers ever. The funds were raised during a golf tournament, acasino night, and a silent auction. The largesse gives NAFCU's PACalmost $200,000 of cash available heading into the final months ofthe congressional campaigns. "We're going to get involved in someraces down the road. This will give us a little something extra tomake sure our friends are taken care of," Brad Thaler, NAFCUlobbyist told The Credit Union Journal. NAFCU hopes to make as muchas $400,000 in campaign contributions during the current elections,its most ever.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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