AUSTIN, Texas - (11/01/04) -- Democratic House members carefullytargeted under the Republican Party's controversial redistrictingplan are running stronger than expected, with several of those onthe GOP's 'Hit List' expected to survive on election day. "TheDemocrats are doing better than (the Republican authors of theplan) thought they would, but I still expect the Republicans to geta net pick-up," of the state's House seats," Buddy Gill, politicaldirector for the Texas CU League, told The Credit Union Journal.Early projections for the redistricting plan had the Democratslosing as many as six of their 17 House seats in Texas, givingRepublicans a majority of the state's 32-member House delegation.But several of the targeted Democrats, including some major creditunion supporters, may survive the attempted purge, said Gill. Thatincludes 13-termer Martin Frost, despite the credit unions' bestefforts to defeat him. Frost, a long-time credit union ally, wasthrown into a race against another strong credit union supporterRepublican Pete Sessions, by the redistricting. The credit unionlobby, forced to choose between two friends, is working hard toelect Sessions, with campaign funding, and volunteers canvassingthe neighborhoods on his behalf, according to Gill. Other Democratsfighting for survival are: Charles Stenholm, Max Sandlin, NickLampson and Chet Edwards.
-
The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
1h ago -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
10h ago -
Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.
March 27