BATON ROUGE, La. - (10/07/05) -- After having to layoff six of itsemployees in the wake of Hurricanes Katrina and Rita, the LouisianaCredit Union League has been able to rehire two of those employeesfollowing donations from the World Council of Credit Union andother credit union organizations. WOCCU is donating the funds topay for one of LCUL's accountant's salary through the end of theyear. Noting the Louisiana league's involvement in WOCCU'sStrathmore program and African Technical Congresses and generalsupport of the international organization¹s mission, WOCCU CEOPete Crear said he hoped the donation would help to repay LCUL's"contributions and their faith in the movement." LCUL SpokeswomanAlicia Blanda said plans are to eventually return all of thefurloughed employees to its payroll when the league, which has beenoperating out of temporary offices here, is 100% operational. "Theleague is facing the same issues and challenges that credit unionsand other businesses are facing," said LCUL Spokesperson AliciaBlanda, noting that 3,000 municipal employees in New Orleans havealso been laid off. Of the six LCUL employees let go, one hadrequested the move so that he could attend to the significantdamage to his home and that of his parents.
-
A new analysis from the White House's Council of Economic Advisers says the banking industry's fears about deposit flight are overstated. Experts familiar with the banking industry's concerns say the report's conclusions are beside the point.
9h ago -
The card brand introduced tech for businesses to tap agentic AI, while Revolut counters Italy's accusations of inaccurate marketing. That and more in the American Banker global payments and fintech roundup.
9h ago -
The Treasury Department Wednesday proposed a set of rules that would require stablecoin issuers to abide by risk-based anti-money-laundering programs similar to those that banks must employ, as well as secondary market monitoring and independent testing by issuers.
10h ago -
Closing its Brex acquisition adds a corporate-focused fintech and new agentic commerce tools to an already considerable consumer payments division.
April 8 -
American Banker data found that those who upped artificial intelligence spending by more than 25% in the last year saw major improvements in employee output.
April 8 -
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
April 8










