The Texas league has joined with other groups in financing a radio campaign touting a tax proposal. The TCUL contributed $25,000 to the campaign financed by Texans for Taxpayer Relief, which touts a proposal passed by the state House that swaps the current franchise tax in favor of a new business "Gross Margins" tax. The new tax spares credit unions a state tax. The group has raised about $220,000 so far to finance the radio ads, and also includes Texas Motor Transportation Association, Maxxam Corp., Texas Apartment Association, Texas Beer Alliance, Texas Association of Builders, and the Texas Restaurant Association ($10,000). The group aims to raise as much as $6 million to support its campaign.
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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