WASHINGTON - (12/14/05) Though Congress has much on its plate,don't expect to see much of it get done before the year is out,according to both CUNA and NAFCU. The last of the appropriationsbills will take the front burner as they must be finished beforeCongress adjourns for the year, but other bills, includingHurricane Katrina relief, likely will wait for next year, bothtrade groups suggested. "There has been some talk about coming backnext week, but that's usually just an empty threat to get Membersof Congress back on the stick to finish up on things like the taxand budget reconciliation so they don't have to come back nextweek. Everyone wants to get out of here," said CUNA's JohnHildreth, who noted there are no provisions in either of thesebills-both the House and Senate versions-to tax credit unions.While adding any new provisions that haven't been debated ordiscussed before when a bill goes to Conference-where differencesbetween House and Senate versions are ironed out-is extremely rare,it could happen, so CUNA is keeping a close watch on it, hesaid.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
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A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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