News Topic: Lobbying
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Wall Street bank lobby lines up against a U.S. digital dollar
Insider-trading scourge wooed to be crypto ally in U.S. Senate
West Virginia advances bill punishing banks for cutting oil ties
Crypto lobbying skyrocketed last year — even Facebook and IBM got involved
Crypto industry masters Washington’s ‘revolving door’ as its influence grows
Bank trade groups urged to rethink political giving after Capitol riot
Election-reform advocates say the American Bankers Association and other organizations should take into account candidates’ commitment to democracy, not just their stances on issues, in directing donations. ... Read full article
Banking groups suspend political donations after D.C. riot
Following similar decisions by big banks, the Consumer Bankers Association and Mortgage Bankers Association said they will halt all political contributions to elected officials as some lawmakers face harsh criticism for comments that incited the storming ... Read full article
Credit union-backed lawmakers among those contesting election
Several members of Congress challenging the result of the 2020 presidential contest received financial support from trade groups that could find themselves in hot water with some constituents. ... Read full article
In Georgia Senate runoffs, banks go all in for Republicans
Banking trade organizations are usually cautious about making endorsements. But with Democrats winning the White House and control of Congress on the line in the two races, some groups are pouring in cash for the GOP candidates. ... Read full article
Economic fears drive dues reduction at New York Credit Union Association
The league has altered its formula for calculating member dues, a move expected to save credit unions nearly $800,000 next year. ... Read full article
Why banking groups are congratulating Biden, even if Trump won’t
With many Americans and members of Congress questioning the results of the presidential election, financial services trade associations quickly vowed to work with the incoming administration. ... Read full article
How much bang did CUNA get for its 3 million bucks on Election Day?
The trade group supported 11 incumbents running for re-election, including the embattled Maine Sen. Susan Collins, and may have helped Republicans maintain control of the Senate. ... Read full article
Credit unions gear up for Election Day
A look at how credit unions and the industry at large have intersected with the 2020 election. ... Read full article
Week ahead: New initiatives from credit union trades, regulator
Industry groups have launched new programs that are expected to carry over into 2021, while others are raising new calls for Congress to tackle data security. ... Read full article
Credit unions' political donations lean left in advance of election 2020
The industry supports candidates on both sides of the aisle but has tilted towards Democrats during this cycle. Experts say that's partly a reflection of the current makeup of Congress. ... Read full article
Bankers give Election 2020 edge to Trump
New research reveals the financial services industry both prefers and predicts an incumbent win in November. ... Read full article
Week ahead: Credit union events to stay digital well into 2021
Industry groups are also pushing the federal regulator to improve how off-site examinations are conducted. ... Read full article
Divisions in mortgage industry emerge ahead of 2020 election
Political donations from the sector and interviews with industry experts highlight a wide range of views on affordable housing resources, the appropriate level of regulatory relief and how policymakers should enforce fair housing rules. ... Read full article
Why banks are steering more political donations to Democrats
Republicans still receive more money overall from bankers, but the gap is narrowing ahead of the November elections. Experts say that the trend corresponds with signs of a “blue wave” and that many in the industry prefer Democrats on nonregulatory issues. ... Read full article