BATON ROUGE, La. - (09/07/05) -- With hundreds of thousands ofrefugees from Hurricane Katrina flooding into the Baton Rouge areaand deliveries from the Federal Reserve halted, Louisiana Dow FCUwas quick to run out of cash last week. So Edward Speed, presidentof Texas Dow FCU, in Lake Jackson, Texas, collected $600,000 incash from his credit union's branches and loaded it onto hisprivate airplane, then made the two-hour flight to Baton Rouge foran emergency delivery of the much-needed cash. The special deliveryenabled Louisiana Dow FCU to remain open through the long holidayweekend and provide members and area residents with the means tobuy food, clothing, medicine, gas and shelter.
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Beast Industries, owned by the YouTube star known as MrBeast, has acquired the Gen Z-oriented financial wellness app Step.
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The iOS technology enables payments without requiring merchants to add extra hardware. The card network is embedding the option into a broader suite of merchant technology to bolster its services strategy amid competition from Mastercard and fintechs like Block and Stripe.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
February 9 -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
February 9 -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
February 9





