PLEASANTON, Calif. - (06/29/05) Not surprisingly, the ongoingnews reports of ever-larger data security breaches, from lost bankback-up file tapes to card processors losing data on tens ofmillions of customers to phishing attacks against credit unions,has raised the profile of what members can do to protectthemselves. In response, ever-more credit unions across the countryare teaming with various providers of identity-theft services,which offer to do everything from helping to guard against theft ofpersonal financial data in the first place to helping to rebuildcredit and clean up files if a theft has occurred. Among the stepscredit unions are taking: Sterlent Credit Union in Pleasanton,Calif., recently teamed with Fraudlines, based in Oregon City,Ore., to provide member education; Georgia FCU is the latest toteam with Identity Theft 911 and combining the service with itsexisting Weve Got You Covered campaign for newauto loans. The new program will provide members with a monthlynewsletter, fraud alerts and a web site dedicated to variousarticles, congressional updates and interviews. And CUNA MutualGroup and CUNA announced in May a collaborative effort to developan online toolkit that will compile the nations bestresources for preventing and repairing identitytheft.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3