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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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3