Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
Bank ATM fees continue to climb. Credit unions? Not so much. #NewsNow http://t.co/7nfcqusVuM
1 hours ago
NCUA 2day liquidated Republic Hose Employees FCU,Youngstown,Ohio, after determining the CU was insolvent w/no prospect for viable operations
1 hours ago
MO #creditunions @BankOnMo with SUV contest See #NewsNow http://t.co/dMnnADr3CO
1 hours ago
Breaking at #NewsNow: Matz to request revised RBC proposal, new comment period http://t.co/eLtYmzXRWn
18 hours ago
#NewsNow: Oct. 22 webinar will explore role of CDFI #creditunions. http://t.co/op1GV4mrYM
21 hours ago