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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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
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Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
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Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
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Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
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While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
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