WASHINGTON - (05/22/06) CUNA began last month targetingseveral open House racesthose with no incumbentrunningwith campaign funding. Among those candidatesreceiving CUNA campaign donations were: Albio Sires, a Democraticstate Assemblyman running in New Jerseys 13th District($2,500); Adrian Smith, a Republican state Senator running inNebraskas 3rd District ($5,000); Kevin McCarthy, aRepublican state Assemblyman running in Californias 22ndDistrict ($5,000); and Jean Schmidt, a Ohio Republican elected in arecent special election ($2,500). CUNA also contributed $5,000 lastmonth to the campaign of freshman Rep. Michael Fitzpatrick, R-Pa.,who is in a close race for reelection. CUNA also continued toshuffle funding to congressional leaders, with $2,500 going tonewly elected House Majority Leader John Boehner, R-Ohio andanother $5,000 to Boehners leadership PAC known as TheFreedom Project; $4,500 going to Republican Congressional CampaignCommittee Chairman Thomas Reynolds, R-N.Y.; and $5,000contributions to Volunteer PAC, the leadership PAC for SenateMajority Leader Bill Frist, R-Tenn.; Future Leaders PAC, theleadership PAC for House Appropriations Chairman Jerry Lewis,R-Calif.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
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At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
10h ago -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
11h ago -
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
April 24 -
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
April 24