WASHINGTON - (10/28/05) -- Mississippi Gov. Haley Barbour wason Capitol Hill Thursday floating a proposal to compensateuninsured victims of the flooding after Hurricane Katrina, aliability expected to run into tens of billions of dollars inMississippi, Louisiana and Alabama. Barbour was proposing that thefederal government use some of the $50 billion of fundsappropriated immediately after the massive storm and allowgovernors in the three states to cover flood losses for propertyowners in the affected areas, sources familiar with the plan toldThe Credit Union Journal. Barbour told lawmakers his state alonewill need as much as $4 billion to cover losses not covered byflood insurance. Losses in Louisiana are expected to be at least 10times as much. Meantime, Mississippi Congressman Gene Taylor wasscheduled to meet Thursday with Louisiana Rep. Richard Baker to tryand convince senior Republicans to join Taylor's bill to allowuninsured homeowners to but flood insurance retroactively throughthe Federal Emergency Management Agency's National Flood InsuranceProgram. The Democrat's plan has attracted little support so farfrom Republican leaders. Barbour, the former head of the RepublicanNational Committee, was said to be meeting with Republican leadersto lobby for his plan.
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While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
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The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
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GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
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As banks consider their strategies, other big names are also considering a role for digital assets.
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The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
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Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
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