BURBANK, Calif. - (06/09/05) -- Vista FCU has joined the growingnumber of credit unions subscribing to a new comprehensive identitytheft education and victim resolution program offered by IdentityTheft 911. The program will offer free services to credit union'smembers, including a personal advocate to victims to help themnavigate the resolution process; notification of agencies,businesses and institutions; case file creation for insurance andpolice; preparation of all documents; credit reports for all threecredit bureaus and one year of monitoring for new incidents. Theservice will also provide victims with follow-up education by wayof ongoing fraud alerts, a monthly newsletter, and a dedicated website.
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Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
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The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
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Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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