RALEIGH, N.C. - (07/25/05) -- ElecTel Cooperative CU said it hasbecome the latest credit union to offer its members comprehensiveidentity theft prevention and resolution services through IdentityTheft 911. The service will be offered free to the credit union's7,000 members, giving them ongoing access to consumer education onhow to prevent identity theft. The service will provide members apersonal advocate to help resolve identity thefts; systematicnotification of agencies, businesses and institutions of a theft; afile creation for insurance and police records; credit reports fromthe three credit bureaus; one year of credit monitoring and fraudmonitoring; a year of follow-up alerts, phone calls and statuschecks to avoid recurrence. In addition, a consumer educationcomponent will provide all members with ongoing emailed fraudalerts, a monthly newsletter, and a dedicated website with articlesand other information of identity theft.
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The combination of two Pacific Northwest banks was supposed to create a regional powerhouse, but rising deposit costs have stung. CEO Clint Stein says he's "laser-focused" on making Columbia a top performer again.
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A set of panels discussing minority depository institutions and digitization found that cost is a significant challenge to minority depository institutions, especially in the core processing space.
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The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.
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The efforts, which respond to President Biden's October executive order on AI, aim to improve synthetic content detection and improve the trustworthiness of AI models.
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Tighter merchant connections between Square and Cash App helped Block produce stronger-than-expected results during the first quarter, while Jack Dorsey said the firm will launch its first remittance product later this year leveraging decentralized finance.
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In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.
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