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.
-
As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
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.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
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.
July 3 -
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.
July 3 -
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.
July 3