BATON ROUGE, La. - (09/07/05) The Louisiana Credit Union League hasset up shop inside Bayou FCU here. Driven from its Harahan, La.,offices by Hurricane Katrina, the league had been operating from aService Center facility here. The LCUL has created a hotline forNew Orleans credit union leaders who have not been in contact tocall at (800) 436-2682, and has been working to coordinate reliefefforts with CUNA, CUNA Mutual Group and various other leagues. Theleague said it has contacted approximately 30 New Orleans areacredit unions to date. NCUA said it has contacted nearly every CUaffected by the storm, and found 23% are fully operational. Thosecredit unions represent 37% of Bayou State members. The agency saidapproximately two-dozen have yet to be contacted.
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The SEC is reportedly preparing a proposal that would give banks and other companies the option to report their earnings every six months, adding urgency to a long-running debate over how firms communicate with investors.
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The Office of the Comptroller of the Currency and 10 former officials filed amicus briefs that provide legal heft to banks battling the state of Illinois over a law that removes sales taxes and tips from interchange fees.
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Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded.
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Sen. Cynthia Lummis, R-Wyo., one of the most pro-crypto lawmakers in Washington, said any compromise on stablecoin yield would have to be limited to prohibiting rewards for stablecoin holdings rather than a broader ban.
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Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.
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Following similar glitches at Lloyds and the London Metal Exchange, a tech outage at UBS has renewed scrutiny on modern banking platforms.
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