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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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
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The Charleston-based company agreed to pay $267 million to acquire Piedmont Bank in Peachtree Corners, Georgia. It's United's 34th deal, but the first since 2021.
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The Puerto Rico-based company's board of directors has given an additional title to COO Javier Ferrer, naming him president as of May 9. His career path closely resembles that of his boss, CEO Ignacio Alvarez.
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Truist Financial completes the sale of its remaining stake in Truist Insurance Holdings; City National Bank has hired Rick Bechtel as executive vice president and head of mortgage and residential lending; Associated Bank names Chun Schiros as its first chief analytics officer; and more in the weekly banking news roundup.
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When the Trump tax cuts expire next year, the White House will ask for higher corporate taxes and a buyback tax as Congress enters one of its biggest economic fights of the decade, which will have major implications for bankers.
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