BATON ROUGE, La. - (09/12/05) Bayou FCU is offering up officespace to the Louisiana Credit Union League, whose own offices inHarahan, La., are still in an evacuation area. League staff havebeen working out of the league's service centers in Baton Rouge andShreveport, as well as out of the home of one of its staffers wholives in Baton Rouge. "There are still some credit unions that wehave not heard from," according to LCUL's Alicia Blanda. "NCUA, thestate regulator, CUNA Mutual Group and the league are sharinginformation, so in some cases, where we haven't heard from a creditunion, one of them has, and we have information from them that way.But there are still about a dozen that none of us have been incontact with."
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Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday morning that she is working with other regulators around the world to emphasize innovation in the banking sector, including with artificial intelligence.
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Organizers of Bank of St. George were close to the finish line in 2020 when the COVID-19 pandemic arrived. Now CEO Bruce Jensen says the planned bank should open its doors by the end of the year.
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Two executive orders pulled federal deadlines for quantum-proof encryption forward to 2030, after 2026 research cut the cost of breaking today's codes.
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