RICHARDSON, Texas - (05/12/06) -- LifeLock said five credit unionshave signed for its identity theft prevention service, which billsitself as the only identity theft service that provides a $1million guarantee. LifeLock prevents identity theft by maintainingactive fraud alerts with the three major credit bureaus andChexSystems. The LifeLock system makes personal information uselessto anyone but the owner by ensuring the right person is making arequest every time someone attempts to open credit, change anaddress or make changes to a credit union or bank account. Thecredit union signing on are: Legacy Community FCU, Advancial FCU,Montrose FCU, Space Age CU and LA DOTD FCU.
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In its latest financial stability report, the Federal Reserve found that asset valuations continue to be elevated and leverage levels remain high, especially among nonbanks like hedge funds and insurance firms.
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Federal Reserve Board Gov. Stephen Miran said the growth of stablecoins and cryptocurrencies will likely impact monetary policy and could lead to lower interest rates.
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HoldCo Asset Management drops its pursuit of proxy battles with Columbia Banking System and First Interstate; Cape Cod's Mutual Bancorp prepares to acquire Bluestone Bank; Servbank HoldCo announces plans to acquire IF Bancorp; and more in this week's banking news roundup.
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