ARLINGTON, Va. - (10/21/0) -- After stagnating a few years afterthe campaign for HR 1151, NAFCU has grown its political actioncommittee to once again become the second largest among creditunions. NAFCU's PAC, which had fallen behind several PACs run bystate credit union leagues in the past two election cycles, is onpace to more than triple its campaign contributions this electionfrom the $129,000 it made in the 2001-2002 election cycle. The PACmade a total of $321,000 in contributions through Oct. 9 and had$125,000 of cash available going into the final weeks of theelections. This elections the PAC has also made contributions forthe first time to candidates for open seats and to leadership PACsoperated by top congressional leaders. So far, NAFCU hascontributed the maximum $10,000 per election cycle to threecandidates, Reps. Paul Kanjorski, D-Pa., and Steve LaTourette,R-Ohio, the two champions of HR 1151, and Spencer Bachus, R-Ala.,the chairman of the House Financial Services Subcommittee onFinancial Institutions.
-
Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
6h ago -
The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
7h ago -
Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
7h ago -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
7h ago -
Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
8h ago -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
8h ago