PALATINE, Ill. - (10/22/04) -- Credit union employees will be seenwalking the neighborhood on the final days of the campaign forembattled Rep. Phil Crane, the longest-serving Republican inCongress and a staunch credit union-defender, currently in a closerace for his 19th term in the House. "The Crane race is the bigone," said Don Edwards, chief lobbyist for the Illinois CU League.Ewards noted Crane was one of a half-dozen members of thetax-writing House Ways and Means Committee to sign a letter to thePresident earlier this year endorsing the credit union taxexemption, and remembered Crane's support for the exemptionextending back for decades. "I've got a letter from him going backto 1990 supporting us on the tax issue when Bush senior wanted totax us," Edwards told The Credit Union Journal. The league hasprovided 500,000 newsletter-stuffers for eight credit unions inCrane's district explaining the senior Congressman's long-timebacking for credit unions. Crane is reported to have a narrow leadgoing into election day over Democrat Melissa Beane, who he handilybeat in 2002.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
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A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
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New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup.
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Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
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