Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Fox taps CUNA for credit-monitoring advice
MADISON, Wis. (2/28/11)--The Credit Union National Association (CUNA) provided advice to consumers about credit-monitoring services, in a Thursday article by Fox Business.com. At issue is whether such services are worth the cost to consumers to keep tabs on their credit reports, improve their credit scores, and monitor suspicious activity and fraud. After shopping around for these services, consumers should consider using a brand that they know well or an institution where they already do business, Mike Schenk, CUNA senior vice president of research and statistics, told Fox Business. “It’s always a good idea to go to someone you trust--if you’ve had a relationship with a financial institution for a while and feel it operates in your best interest and the fees … are fair and transparent, that would be a good place to start,” Schenk added. “It’s a big business, so there are a lot of providers of these services out there that generate a lot of income by selling consumers protection that they don’t really need or levels of protection that are far in excess of what they need,” he concluded. To read the article, use the link.
Other Resources

RSS





print
News Now LiveWire
CU Effect: @StLouisComm collaborates to save homes with FHLB grant #NewsNow http://t.co/fxX8EhouUj
3 hours ago
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
4 hours ago
.@CUNA sends letters on @RepAndyBarr QM bill, @RepMickMulvaney @NCUA budget transparency bill #NewsNow http://t.co/cRAk46ALeD
5 hours ago
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
19 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
1 day ago