WASHINGTON - (11/30/05) -- A major upheaval in CUNA's lobbyingranks is afoot as the trade association's toptwo lobbyists, JohnMcKechnie and Gary Kohn, are poised to leave and take jobs at NCUA,several sources told The Credit Union Journal. McKechnie, CUNA'schief lobbyist, is expected to be hired as NCUA's congressionalliaison to replace Cliff Northup, who is exiting the agency inJanuary. Kohn is preparing to take the job as top assistant to newNCUA Board member Gigi Hyland, pending a full FBI background check.The two CUNA lobbyists are following similar routes taken recentlyby other CUNA operatives, including former CUNA vice presidentSteve Bosack, who recently completed a term as top assistant toBoard member Deborah Matz before returning to the CUNA fold as anexecutive with the National CU Foundation, and former CUNA Boardmember Holly Herman, who currently serves as Johnson's topaide.
-
The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
4h ago -
The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
7h ago -
The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
8h ago -
The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
9h ago -
The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
10h ago -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
10h ago










