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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After a long price correction in the art market, Bank of America is expanding its advisory services for collectors — and it's not alone.
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Banks, trade groups and regulators are eligible to join a group convened by Treasury's Financial Crimes Enforcement Network, or Fincen, which will weigh in on anti-money-laundering rules, Bank Secrecy Act modernization and implementation of a recently passed stablecoin bill.
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The stock exchange is using the artificial intelligence extensively throughout the organization, including in development of a distributed ledger for tokenized securities.
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Andrew Torre, the card network's president of Value-Added Services, said demand for security, agentic commerce and better processing are creating demand for technology and consulting.
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President Donald Trump talked about institutional single-family home ownership and housing affordability, as well as inflation, but left credit card rate caps, debanking and even crypto alone at the State of the Union address.
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Judges on the U.S. Court of Appeals for the District of Columbia struggled to find a resolution to an injunction issued last year that halted reductions-in-force by the Consumer Financial Protection Bureau.
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