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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Two reports out earlier this month come to very different conclusions as to the feasibility of public blockchains for finance; the differences matter for global stablecoin adoption.
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The SEC is reportedly preparing a proposal that would give banks and other companies the option to report their earnings every six months, adding urgency to a long-running debate over how firms communicate with investors.
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The Office of the Comptroller of the Currency and 10 former officials filed amicus briefs that provide legal heft to banks battling the state of Illinois over a law that removes sales taxes and tips from interchange fees.
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Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded.
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Sen. Cynthia Lummis, R-Wyo., one of the most pro-crypto lawmakers in Washington, said any compromise on stablecoin yield would have to be limited to prohibiting rewards for stablecoin holdings rather than a broader ban.
March 18 -
Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.
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