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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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
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Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
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Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
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The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
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The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
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American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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