ATLANTA - (11/06/02) -- The state Republican Party machinethat launched former House Speaker Newt Gingrich to nationalprominence helped frustrate credit union political strategy Tuesdayto retain control of the state's congressional delegation. In twoof the biggest upsets in the country, high Republican turnouthelped boost Rep. Saxby Chambliss over Democratic incumbent MaxCleland in the Senate race; and former state senator Sonny Perdueover Democratic Gov. Roy Barnes, with credit unions on the wrongside of both races. Credit unions backed Cleland and Barnes forreelection, but were also working on behalf of Chambliss and Perduebecause the two also had pro-credit union records, according toCindy Connelly, chief lobbyist for Georgia CU Affiliates. The GOPalso maintained its majority of the House seats, claiming an 8-to-5majority after counting the state's two new districts, up from8-to-3 in the current Congress, despite having the new politicalmap being drawn by the Democratic state legislature. "It looks likethose three new districts the Democrats drew are going to goRepublican," CUNA political director Richard Gose said Tuesdaynight.
-
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.
October 31 -
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.
October 31 -
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.
October 31 -
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.
October 31 -
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.
October 31 -
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.
October 31





