ALBANY, N.Y. - (10/21/04) -- The retirement of two long-timemembers of Congress has provided an opportunity to add to thepro-credit union lobby in the House. Both Republican Nancy Naples,vying to succeed six-term incumbent Jack Quinn, R-Buffalo, andRepublican Randy Kohl, running for the seat of Armory Houghton,R-Ithaca, retiring after nine terms, have taken the pledge tosupport the credit union tax exemption, according to Amy Kramer,chief lobbyist for the New York CU League. "That's really the bigone (issue)," Kramer told The Credit Union Journal, of the league'ssupport for Naples, a Erie County comptroller and a member of ErieCounty Employees FCU. Kohl, a state senator and former member ofthe Senate Banking Committee, is also a long-time credit unionally. The league has run profiles of both candidates in itsfull-color quarterly Connection Magazine detailing their stances onthe issues.
-
A bill on reciprocal deposits passed the committee unanimously, while another measure on custodial deposits passed by a wide, bipartisan margin.
3h ago -
The payment company has made a series of moves to bolster its stablecoin and other coins to build a market for digital assets. Its Links feature adds to the strategy.
4h ago -
Google has launched its Agent Payments Protocol, an open protocol that establishes a payment-agnostic framework for users, merchants and payments in agentic AI. Payment companies such as Adyen, American Express, Mastercard and PayPal helped develop the protocol.
5h ago -
Prosecutors say Daryl Heller lured 2,700 investors with promises of safe ATM profits but misappropriated $185 million.
5h ago -
The companies have signed a new data-sharing agreement that includes an undisclosed pricing structure. Plaid said it will not pass the new costs on to its clients.
6h ago -
A group of Democratic Senators led by Elizabeth Warren, D-Mass., urged regulators to keep the 2023 Community Reinvestment Act overhaul, saying the rule was carefully crafted with bipartisan input.
6h ago