BATON ROUGE, La. - (09/12/05) -The Louisiana Credit Union League hasfinally made contact with its one staffer who was still unaccountedfor after Hurricane Katrina ravaged the New Orleans area, where theleague's regular offices-and most of its staff-call home. GayleBoudreaux, a veteran bookkeeper at LCUL chose to ride out the stormin a house she owns with her ex-husband in River Ridge in JeffersonParish, just a few miles west of beleaguered New Orleans. Accordingto LCUL's Alicia Blanda, Boudreaux's house suffered some flooding,and the electricity is still out, but with phone service recentlyrestored, she was able to contact the league to let them know shewas all right. Blanda said she believed that Bodreaux would beallowed to remain in her home, though Jefferson Parish officialsare not recommending it.
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The Department of Justice wants Federal Reserve Chair Jerome Powell to state if the central bank is profitable again and can, therefore, fund the Consumer Financial Protection Bureau.
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The Financial Services Forum, which represents the largest U.S. banks, formed a new 501(c)(4) advocacy group to amplify big banks' policy preferences, a move that could counter the crypto industry's growing political influence.
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New research from American Banker explores how bankers predict stablecoins, subprime credit, cyber security and other factors will shape the industry at large.
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Federal Reserve Gov. Christopher Waller said monetary policy must remain insulated from political pressure, arguing that communication with the White House should be limited. Waller is slated to meet with President Trump Wednesday afternoon.
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Bank groups, crypto firms and regulators are divided over whether fiduciary digital-asset custody fits naturally within the national trust charter model — or whether, as critics argue, the agency is quietly reinventing the charter.
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In a Senate Banking subcommittee hearing, lawmakers discussed a bill that would guarantee all legal industries and all individuals fair access to banking services.
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