Free credit freezes (aka security freezes) and year-long fraud alerts are here. Thanks to a new federal law, starting September 21, 2018 you can freeze and unfreeze your credit file for free, and when you place a fraud alert, it will last one year instead of 90 days. Contact the national credit bureaus to request fraud alerts and credit freezes. If you have questions about the new law, here are answers to some of the questions the Federal Trade Commission is hearing most. consumer.ftc.gov
NOTICE TO CREDIT UNION MEMBERS REGARDING UNCLAIMED PROPERTY
The State of Illinois has enacted a new law governing unclaimed property held in the State. The Revised Uniform Unclaimed Property Act went into effect on January 1, 2018. Under this act, the presumptive period of abandonment for deposit accounts changes from 5 years to 3 years. As a result, accounts without any owner activity for a 3 year period will be turned over to the Illinois State Treasurer's Office, upon completion of the owner notification procedure and subject to the criteria set forth in the Act. View the Revised Uniform Unclaimed Property Act (765 ILCS 1026)
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