ARLINGTON, Va. - (01/12/06) NAFCU announced Wednesday ithired Dan Berger, a lobbyist for the thrift industrys tradeassociation, Americas Community Bankers, as its new chieflobbyist. As head of NAFCUs regulatory affairs department,Berger will head a staff of 20 legislative and regulatory lobbyistsand succeed Bill Donovan, who left the credit union tradeassociation after 26 years last month to join the Washington lawfirm of Venable LLP. Berger earned a reputation as an influentiallobbyist on Capitol Hill and was widely credited with bringing thecredit union tax exemption to the attention of the tax-writingHouse Ways and Means Committee, prompting hearings on the exemptionlast November. He also worked with lawmakers on efforts to ease theway for credit unions to convert to mutual savings banks, orthrifts. One source said Berger was especially influential inhelping to draft Rep. Patrick McHenrys bill to limitNCUAs powers over conversions. Hes pretty wellrespected in Republican circles, said one credit unionlobbyist, of Berger, who served as chief of staff to RepublicanRep. Katherine Harris, of Florida, before working for the ACB.NAFCU President Fred Becker acknowledged Bergers role in thecredit union-banks conflicts and said he believes it indicatesBergers abilities as a lobbyist. He was theirlobbyist, Becker told The Credit Union Journal, of theBergers former job. But the NAFCU Chief Executive insistedBergers former activities should not have any negativeimpact on his new job as credit union advocate or his potentialrelationship with credit union executives. I dontperceive that as being any bit of a problem. In fact, I expect itto be a big help, he said.
-
The $44 billion fintech also appointed a new CTO and head of engineering as it foregrounds artificial intelligence in strategic decision making.
20m ago -
CEOs of payments companies and fintechs such as Block and Bolt have pointed to AI as a driving force behind layoffs at their organizations. But Tania Babina, an associate professor of finance at the University of Maryland's Smith School of Business, says there is no systematic evidence that AI is taking jobs.
25m ago -
Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday morning that the central bank recently finalized a new organizational structure for its supervision and regulation division.
2h ago -
The largest U.S. bank by assets named two co-presidents as part of its latest executive management changes. Marianne Lake, who was widely viewed as a contender to succeed CEO Jamie Dimon, will retire from the company.
2h ago -
The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.
4h ago -
The company, formerly known as LendingClub, moved from NYSE to Nasdaq as it officially launched its new name as a full-fledged digital bank.
7h ago








