ORLANDO - (11/15/05) -- Identity Theft 911, which has beenmarketing its identity theft prevention and resolution system tocredit unions, unveiled a new system to allow credit union andother financial institutions to immediately notify customers whentheir database has been compromised. The new system, SBR911, wasintroduced Monday at the annual BAI Retail Delivery Conference. TheSBR911 programs will enable financial institutions to assess adatabase breach and manage a response, including regulatory andconsumer notifications, helping to minimize potential losses andliability. It will also help financial institutions to communicateproactively with their customers to defuse public concerns.Introduction of the new warning system comes as Congress isproposing to require all financial institutions to notify customersof data breaches.
-
The Federal Trade Commission has ended enforcement of disparate-impact claims under federal antidiscrimination law, aligning with the stance taken by other federal agencies during the Trump era.
August 7 -
Berger Financial Group plans to more than double its footprint and staff, and Investcorp is looking at more opportunities beyond supporting Berger in the "untapped" wealth space.
August 7 -
The federal agency has denied the Dutch neobank's de novo bank charter application, citing "significant supervisory and compliance concerns."
August 7 -
Gateway Bank, which has narrowed its losses under new CEO Mukhtar Ali, hired a team of residential-construction lenders to speed its return to profitability.
August 7 -
The core provider is conducting a review of its offerings after a 21% decrease in earnings per share and a drop in revenue from its core banking sector.
August 7 -
Near-term expectations for price growth fell in the latest consumer sentiment survey from the Federal Reserve Bank of New York, but remains above the central bank's target across all time horizons.
August 7









