AUSTIN, Texas - (08/04/04) -- One of the quietest delegations atlast week's Democratic National Convention in Boston was the onefrom Texas, where Democrat's are expected to lose as many ashalf-dozen of their 16 House seats this fall, due to theRepublican-controlled redistricting. Buddy Gill, political directorfor the Texas CU League, said he expects the Republicans to pick upseats because of the carefully-planned redistricting, but someDemocratic incumbents could surprise the pundits by pulling outclose races. "There's going to be a net gain of Republican seatscoming out of Texas, I just don't know how many," Gill told TheCredit Union Journal. Among the most closely watched races in thecountry are 13-term Democratic incumbent Martin Frost againstfour-term Republican Pete Sessions, in a district heavily weightedto Republicans; and 13-term Democrat Charles Stenholm againstfreshman Republican Randy Neugebauer. Also facing long odds areDemocrats Chet Edwards, Max Sandlin and Nick Lampson. Thelikelihood the Republicans will pick up as many as six seats in theLone Star State makes it probable the GOP will retain control ofthe House in the next Congress.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
11h ago -
At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
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Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
April 24 -
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
April 24 -
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
April 24