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.


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 of the U.S. Capitol.


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.


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.


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.


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.


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.


Credit unions gear up for Election Day


A look at how credit unions and the industry at large have intersected with the 2020 election.


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.


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.