BASKING RIDGE, N.J. - (06/22/05) -- Affinity FCU said it has become thelatest credit union to offer members a comprehensive identity thefteducation and resolution service offered by Identity Theft 911. Theservice will provide members a personal advocate to help resolveidentity thefts; systematic notification of agencies, businessesand institutions of a theft; a file creation for insurance andpolice records; credit reports from the three credit bureaus; oneyear of credit monitoring and fraud monitoring; a year of follow-upalerts, phone calls and status checks to avoid recurrence. Inaddition, a consumer education component will provide all memberswith ongoing emailed fraud alerts, a monthly newsletter, and adedicated website with articles and other information of identitytheft. Identity Theft 911 is based in Scottsdale, Ariz.
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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.
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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.
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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.
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Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
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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.
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