WASHINGTON - (12/03/04) -- In a departure from its traditionalelection-eve strategy, NAFCU backed candidates in six open Houseraces in the final days leading up the elections--winning all sixof them. Federal Election Commission reports released Thursday showNAFCU made contributions to Republicans John 'Randy' Kuhl of NewYork; Tom Price and Lynn Westmoreland of Georgia; Thelma Drake ofVirginia; Cathy McMorris of Washington; and Charles Boustany ofLouisiana in the campaign's final two weeks. All but Boustany wereelected for the first time to Congress, and Boustany won the rightto participate in a special run-off later this month againstDemocrat Willie Mount, who is being backed by CUNA. NAFCU sets newhighs during the elections for funds raised, $326,378, andcontributions to candidates and the two major political parties,$294,522.
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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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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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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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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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