Opening Festivities Have a SouthernDrawl

August 31, 2004, 1:00 a.m. EDT 1 Min Read

NEW YORK - (08/31/04) Opening day at The RepublicanNational Convention had a decidedly southern taste. Representativesfrom NAFCU and the Alabama CU League cruised the Hudson Riverduring a Sunday tribute to Alabama Rep. Spencer Bachus, chairman ofthe House Financial Services Subcommittee on FinancialInstitutions, then joined other financial services representativesat a dinner honoring Alabama Sen. Richard Shelby, chairman of theSenate Banking Committee. Officials from CUNA and many of the samecredit union group met again later Sunday night at a Saluteto the South honoring Georgia Sen. Saxby Chamblis and SouthCarolina Sen. Lindsey Graham, where southern rock band LynyrdSkynyrd was the headline band. Republican convention-goers will behearing lots more southern rock music this week, with the MarshallTucker Band, Charlie Daniels Band and ZZ Top, scheduled toentertain at various receptions.

For reprint and licensing requests for this article, click here.

TRENDING

Regulation and compliance

Pathward Bank to pay more than $700,000 for compliance failure

The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.

By Catherine Leffert

6h ago
Earnings

Citizens reports fast progress in building its private bank

The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.

By Allissa Kline

6h ago
Earnings

'Higher-for-longer' hits U.S. Bancorp as funding costs stay elevated

After the Minneapolis-based company reported stubbornly high commercial deposit costs, it reduced its full-year forecast for net interest income by $200 million-$500 million.

By John Reosti

8h ago

MORE FROM AMERICAN BANKER

Regulation and compliance

Pathward Bank to pay more than $700,000 for compliance failure

The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.

By Catherine Leffert

6h ago
Earnings

Citizens reports fast progress in building its private bank

The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.

By Allissa Kline

6h ago
Earnings

'Higher-for-longer' hits U.S. Bancorp as funding costs stay elevated

After the Minneapolis-based company reported stubbornly high commercial deposit costs, it reduced its full-year forecast for net interest income by $200 million-$500 million.

By John Reosti

8h ago
Regulation and compliance

CFPB makes structural changes after expanding authority over nonbanks

The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.

By Kate Berry

9h ago
Consumer banking

First Horizon bucks trend as deposit costs slow

Rising deposit costs have plagued banks in general, and the Tennessee bank had to pay up to bolster liquidity after its failed merger with TD. But First Horizon retained customers in the first quarter while not paying them the special rates they got last year.

By Polo Rocha

9h ago
Payments

Klarna turns a BNPL track record into a creditworthiness benchmark

U.S. customers who have previously used Sweden-based Klarna's buy now/pay later financing — and paid off their loans in full — will be prequalified for interest-bearing loans through a new version of the Klarna Visa card rolling out later this year.

By Kate Fitzgerald

9h ago