WASHINGTON - (11/04/04) -- The credit union lobby weighed in onas many as 35 open House races this elections and it is expected topay dividends for years to come, with new credit union supporterspoised to join the Congress next year. Among the newcomers winningHouse seats with credit union support Tuesday are: Randy Kuhl,R-N.Y., Michael Fitzpatrick, R-Pa., Charles Dent, R-Pa., AllysonSchwartz, D-Pa., Thelma Drake, R-Va., Gwen Moore, D-Wis., ConnieMack, R-Fla., Emanuel Cleaver, D-Mo., Cathy McMorris, D-Wash., RussCarnahan, D-Mo., Dan Boren, D-Okla., Jeff Davis, R-Ky., DavidReichert, R-Wash., Jim Costa, D-Calif., Ken Marchant, R-Texas.Michael Burgess, R-Texas, and Michael McCaul, R-Texas. CUNA's ChiefLobbyist John McKechnie attributed CUNA's support to new candidatesto screening by the state credit union leagues. "The leagues havedone a really good job in cultivating supporters on the state leveland helping to prepare them to go to Congress," he said.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25