MADISON, Wis. - (09/07/04) -- Hundreds of CUNA Mutual Groupemployees are expected to recommence picketing the company'soffices her Wednesday, ending a cooling-off period between thecredit union insurer and the local 39 of the Office andProfessional Employees International Union. The union has beenwithout a contract since March 31 and the two sides remaineddeadlocked on numerous issues, including the length of the workweek, outsourcing, and pay. Meantime, a group of professionalemployees, calling themselves CUNA Mutual Group Employees Want toWork, filed a petition last week with the National Labor RelationsBoard seeking to create a separate bargaining unit within the OPEIUfor about 600 white-collar employees of the company. The unionrepresents about 1,400 of the company's 2,600 Madison-basedemployees.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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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.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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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.
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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.
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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.
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