Week ahead: Stimulus payments and political donations


NCUA Chairman Todd Harper has reiterated his call for CUs not to garnish members' econimic impact payments, while the industry's largest PAC has resumed campaign contributions after a brief pause.



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.


OCC’s ‘fair access’ rule could be short-lived under Biden


Issued in the final days of the Trump administration, the regulation has united banks, gun-control advocates and environmentalists in opposition. It could be blocked by Congress or a comptroller chosen by the new president.


Jamie Dimon says JPMorgan paused PAC giving to rethink its donations


Jamie Dimon said the reason JPMorgan Chase paused donations from its political action committee is to give the biggest U.S. bank time to reevaluate how it contributes to campaigns following last week's deadly siege on the Capitol.


BofA halts political action committee spending decisions for now


Bank of America’s employee-funded political action committee is putting its allocation decisions on hold after a right-wing mob stormed the U.S. Capitol last week.


Citigroup, JPMorgan pause political donations in wake of D.C. riots


The actions follow earlier announcements from Marriott International, Blue Cross Blue Shield and Commerce Bancshares, which said they are suspending financial support for all lawmakers who voted against certifying Joe Biden's election as president.


PayPal blocks group that helped Trump supporters travel to D.C.


PayPal Holdings closed an account held by Joy In Liberty, one of the groups that paid for supporters of President Donald Trump to travel to Washington, where mobs stormed the U.S. Capitol on Wednesday.


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.


With Mark McWatters out, what’s next for NCUA?


The biggest questions following the former chairman's resignation aren't about regulation but whether the agency can recapture a spirit of bipartisanship and collaboration.


Political speech at the office ‘may get worse’ post-election


A contentious presidential contest and social justice protests have forced employers to consider whether these types of topics should be discussed in the workplace.