WASHINGTON – CUNA’s support for Democrat Joe Crowley–including a $1,000 contribution to Crowley’s leadership PAC just days before the elections–paid off big this week when the New York Congressman was added to the House Ways and Means Committee, the tax -writing panel which has ultimate jurisdiction over the credit union tax exemption. CUNA contributed the maximum allowable $10,000 to the four-term congressman’s campaign, as well as the $1,000 contribution to Crowley’s JOE PAC. Crowley and another New York Democrat, Anthony Weiner, were added this week to the Ways and Means panel, which will be chaired in the enxt Congress by New York Congressman Charles Rangel.
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Research shows artificial-intelligence programs bolster bad decisions and reduce diversity of thought, posing risks to banks' culture and governance.
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Federal Deposit Insurance Corp. Chair Travis Hill said Tuesday that regulatory changes to bank supervision and M&A rules are meant to improve safety and soundness rather than water down oversight.
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