WASHINGTON - (03/04/05 -- New York Sen. Charles Schumer, theman who scuttled the bankruptcy reform bill each of the last twocongresses, said he is preparing to propose his 'poison pill'amendment again next week as the Senate approaches a final vote onthe credit union-backed measure. Schumer told The Credit UnionJournal he will propose his amendment to bar abortion clinicprotesters from shielding their assets under bankruptcy but withoutthe words "abortion clinic" in it, hoping the broader applicationto those committing any acts of violence or coercion will be moreacceptable to Republicans and other opponents of his amendment."We're going to push our amendment because it belongs in thebankruptcy bill," said Schumer. But there are indications thatSchumer does not have enough support among his Democraticcolleagues to get his amendment passed. The Schumer amendment,which garnered nationwide opposition by the anti-abortion lobby,influential with the Republican caucus, effectively killed thebankruptcy bill each of the last two congresses because Republicanleaders did not want to put the matter to a final vote.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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