Banking

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Banking

The Federal Reserve Expects to Cut Rates More Slowly in 2025

NEW YORK (Associated Press) — The Federal Reserve's third interest rate cut of the year will likely have consequences for debt, savings, auto loans,...
Banking

Louisiana Gov. Jeff Landry Launches DOGE-like Government Savings Initiative

BATON ROUGE, La. (Louisiana Illuminator) — Following in the footsteps of President-elect Donald Trump, Gov. Jeff Landry will establish a program to seek out...
Banking

White House Tackling Overdraft Fees

NEW YORK (Associated Press) — The Biden administration has finalized a rule limiting overdraft fees banks can charge, as part of the White House's...
Banking

Two Credit Unions in Mississippi and Louisiana are Planning to Merge

BILOXI, Miss. (Associated Press) — One credit union based in Mississippi and one based in Louisiana on Wednesday announced plans for a merger. The Louisiana-based...
Banking

Bonvenu Bank Opens New Branch in Gretna on Belle Chasse Highway

GRETNA, La. (press release) - Bonvenu Bank commemorated the grand opening of its new branch in Gretna on Wednesday, Nov. 6.  Jefferson Parish government and...
Banking

How Will the Recent Rate Cut Affect Homebuying?

Due to easing concerns about inflation and economic growth, the Federal Reserve lowered interest rates in September by 50 basis points, putting rates at...
Banking

BankPlus Celebrates Grand Opening of Renovated Northpark Branch in Covington

COVINGTON, La. (press release) – BankPlus held a grand reopening ceremony on Oct. 24 for its newly renovated Northpark branch in Covington. This event,...
Banking

Apple and Goldman Sachs Must Pay $89M for Mishandling Apple Card Transactions

NEW YORK (Associated Press) — A federal regulator on Wednesday ordered Apple and Goldman Sachs to pay a combined $89 million for deceiving consumers...
Banking

American Express Profit Rises in Q3 as Card Members Continue to Spend

NEW YORK (Associated Press) — American Express' third-quarter profit topped analysts' expectations as the credit card company's cardholders continue to spend, with many holding...
Banking

Louisiana Treasurer Opposes Bank of America as Authorized Fiscal Agent Over Alleged Discriminatory Practices, Bank Disagrees

BATON ROUGE — In a move reflecting growing concerns about financial institutions' practices, Dr. John C. Fleming, Louisiana's Treasurer, has announced his recommendation against...
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