SAN FRANCISCO - (06/08/06) Patelco CU announced Wednesdayit has begun offering a consumer directed medical claims review andsettlement service to enhance the benefits of its recently launchedHealth Service Accounts. The service, called My Medical Control,will analyze a members out-of-pocket medical bills, and ifthe member is being charged more than what is generally reimbursedfor the same or similar medical care, will intervene and settlewith the provider to save the member money. The memer will only becharged a service fee if My Medical Control can save them money. MyMedical Control is a privately owned healthcare services companywith offices in Louisville, Chicago and Austin, Texas.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
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Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
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Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
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CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
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Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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