Republicans have set their sights on Rep. Michael Michaud, the credit union director who narrowly won Maine's second congressional seat in 2002. The race has attracted a lot of attention from the Republicans because it is one of a handful of seats expected to be competitive in November and because Michaud, a director at Eastmill FCU, East Milinocket, barely defeated Republican Kevin Raye, a top aide to Republican Sen. Olympia Snowe, in the last elections. Michaud's opponent is Brian Hamel, a local businessman who helped redevelop Loring Air Force Base after the base was closed. Credit union representatives have been helping finance Michaud's campaign and have brought him around to campaign at local credit unions.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3