NEW ORLEANS - (09/12/05) -- The American Red Cross sought tostep in Sunday with financial relief for victims of HurricaneKatrina in the place of a major failure by the Federal EmergencyManagement Agency to get much-needed cash-like assistance tohurricane survivors. The Red Cross launched a toll-free number toget cash to hundreds of thousands of hurricane victims who havelost their homes or suffered other major losses. Under the newsystem, the Red Cross is issuing cash vouchers, checks and storedvalue cards to the neediest victims who can take them to a creditunion or bank and obtain cash. The financial assistance is beingprovided to the hardest hit ZIP codes, with a family of foureligible for up to $1,300 right away. Victims must provide theirname, pre-storm address, ZIP code and home telephone number.Assistance is being provided based on the costs of necessities,like food, toiletries and other essentials.
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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 -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
February 9 -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
February 9





