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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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3