USAA to give some members an advance loan on paychecks if the debt ceiling negotiations disrupt pay
~ EXCERPT ~ USAA, the financial services company catering to military members, is preparing to give some members an advance loan on their paychecks if the debt ceiling negotiations disrupt their pay. USAA said it would provide the interest-free advances to military members on active duty who already have their military pay directly deposited in a USAA account. The one-time loan would be for eligible members' Aug. 15 paycheck. Several Republican lawmakers had introduced a bill into Congress looking to make military pay the top priority in the event a deal isn't reached. A spokesman for Sen. Pat Toomey (R.,...
Published on Tuesday 31st of January 2012 06:09:37 AM
Group accused in elaborate bank scam (Pictures!)
USAA and San Antonio police said they uncovered a complicated scheme by a group of people that skimmed thousands of dollars from the financial firm's bank and two other banks over the past year. Meilee Diaz, 25; Deonte Kershaw, 24; Rhonda Ellison, 27; Takeisha Martin, 30; Shanika Todd, 32; Frances Griffin, 36 and Beverly Ellison, 52, were arrested this week in connection with the scheme, according to Bexar County records. Each of the seven faces one count of engaging in organized criminal activity with theft from $20,000 to $100,000. Arrest warrant affidavits state Todd was one of two people who...
Published on Tuesday 31st of January 2012 06:09:37 AM
USAA CEO: President Signs Bill with Amended Volcker Rule
President Obama has signed a sweeping financial services reform bill approved by Congress. Thanks to the support of USAA members, employees and friends, the new law provides consumer protections while preserving the way USAA serves its members. USAA believes the amended Volcker Rule provision – the most critical aspect of the law for USAA – will better serve consumers and our members. You can learn more about the Volcker Rule in USAA's Newsroom. We're gratified that congressional leaders clearly heard your voices in crafting this legislation. Sen. Jeff Merkley, D-Ore., Sen. Carl Levin, D-Mich., and, in particular, Sen. Kay Hagan,...
Published on Tuesday 31st of January 2012 06:09:37 AM
Your Outreach Helps Open the Door for Potential Legislative Changes
Dear (JJ): A few weeks ago, I asked you to urge your U.S. senators to amend their financial services reform legislation to eliminate the impact of the Volcker Rule on insurance company investment portfolios. Thanks to the more than 750,000 e-mails and phone calls generated by USAA members, employees and friends, there is now widespread and bipartisan understanding that an amendment to the Volcker Rule would be good for consumers. I am writing today to let you know that the Senate has approved its legislation and directed a committee crafting the final bill to specifically consider the concerns you raised....
Published on Tuesday 31st of January 2012 06:09:37 AM
U.S. STRATCOM Cautions Against Phishing Scam
Officials of U.S. Strategic Command, in short STRATCOM, are reiterating caution for countering incidences of identity theft on the Internet, following the discovery of a widely spreading 'phishing' scam that's targeting service members. Phishing, which is described as the practice of tricking people into giving away their private information like account numbers or passwords online, is usually carried out through phishing e-mails. During May 2009 to March 2010, a number of fake e-mails were delivered into the inboxes of financial clients belonging to Navy Federal Credit Union and USAA, said STRATCOM officials via one recently published news report. Standard.net reported...
Published on Tuesday 31st of January 2012 06:09:37 AM
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