SALT LAKE CITY - (03/04/05) -- Mountain America FCU said it is thelatest credit union to offer its members free identity theftservices through Identity Theft 911. The service provides membersvictimized by identity theft with a personal advocate to help themrestore their identity after it's been stolen, prepare allnecessary legal documents, and notify all credit bureaus, agenciesand businesses. The service also provides victims with educationalweb sites that discusses the latest scams and defenses.
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Capital One must reengage in settlement talks with lawyers for savings account holders after a judge found that an agreement between the two sides wouldn't provide adequate compensation to customers who were allegedly victimized by the bank.
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Eric Girard, who became the bank's head of embedded banking and co-head of commercial product in October, is aiming to make the technology more accessible.
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The Consumer Financial Protection Bureau ended a consent order earlier than expected against the credit bureau TransUnion, saying the company already paid a $5 million fine and $3 million to consumers.
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The banks want the pay-by-bank provider to use application programming interfaces to protect consumers, they say.
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Federal Reserve Vice Chair Philip Jefferson said that as interest rates have moved toward a more neutral level, "it makes sense" now to proceed with caution.
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The volume of home equity lines of credit expanded for the 14th consecutive quarter, driven largely by fintechs and other nonbanks that are accounting for more and more of the business.
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