Louisiana Office of Financial Institutions Update  (Link) — August 19, 2020

Data breach law updated
June 13, 2018 — Louisiana updated its data breach notification law with, S.B. 361, which is effective August 1, 2018.  Under the bill’s new provisions, businesses will be required to notify affected individuals of a data breach no later than 60 days from the discovery of the breach. The legislation does permit delays in notification for certain reasons including, law enforcement investigations or to determine the scope of the breach.

‘Emergency preparedness guide’ updated, distributed
Aug. 25, 2017 — With Hurricane Harvey bearing down on the Gulf states, th LA Office of Financial Institutions has updated and distributed its “emergency preparedness guide” to help guide credit unions, banks and thrifts document how each will respond to “various scenarios and adversity in the event of a wide-area disaster or emergency.” READ

‘Great flood’ worse than ‘any hurricane ever’
Aug. 16, 2016 –– With reports of at least 20 Louisiana credit unions closed as a result of flooding after heavy rains, local state officials are reporting an inundation as bad, if not worse, than any hurricane. READ

NASCUS Regulatory Roundtable Set for Next Week in New Orleans
May 1, 2015 – New Orleans, La. – Next week, individuals from across the country will have the chance to exchange examination best practices with their peers at the NASCUS Regulatory Roundtable in New Orleans.

Kirkland Promoted to Louisiana OFI Deputy Commissioner
August 13, 2014 – Baton Rouge, La. – Christine Kirkland was promoted to deputy commissioner with the Louisiana Office of Financial Institutions (OFI). She formerly held the position of internal auditor with OFI.