BATON ROUGE, La. - (03/10/05) -- La Capitol FCU said it plans tobreak ground later this month on a six-story downtown project thatwill serve as its new headquarters. The 77,000 square-foot facilitywill more than triple the credit union's office space and isscheduled for completion by September 2006. The building will housethe $265 million credit union's 95 employees and expand memberservices.
The online lender said its national bank will become the "primary originator," displacing the banks that are lenders of record. Loan buyers keep their role.
Supporters of mutual banks are lining up behind a proposed regulatory overhaul. The Fed's plan would make it easier for depositor-owned banks to raise capital.
WTW Investments and SEI see enough of a market to develop private market offerings for U.S. defined contribution plans, such as 401(k) plans.
Having a trust bank will allow the stablecoin company to offer custody products and to have flexibility in where and how it issues its stablecoins.
The Federal Reserve governor said inflation is too high but said she ultimately voted last week to hold interest rates steady to give recent economic trends more time to play out.
It has been one year since the payments fintech launched Genius, its refreshed point-of-sale and payments platform, as a lynchpin in the company's attempted turnaround. Now, the company is looking to add more conversational AI features.
