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.
-
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





