AUSTIN, Texas - (09/20/04) -- More than half the Lone StareState's 32 House members, the second largest congressionaldelegation, have gone on record in support of the credit union taxexemption. The Texas CU League, as part of its response to thebanks' 'Operation Credit Union,' has collected signatures of 22 ofthe state's House members, including Majority Leader Tom DeLay,endorsing the tax exemption. The campaign to get as manycongressmen on record on the tax issue is aimed at neutralizing thebankers' efforts to gain support for their efforts to repeal thetax exemption. "We have a duty to let our members know where theirCongressional representative stands on taxing credit unions, sincea tax on credit unions is a tax on our members," said DickEnsweiler, president of the Texas league, as well as chairman ofCUNA.
-
Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
10h ago -
The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
11h ago -
Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
11h ago -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28