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Financial Services

Equifax to pay up to $700M in data breach settlement

NEW YORK (AP) — Equifax will pay at least $700 million — and potentially much more — to settle lawsuits over a 2017 data breach that exposed the Social Security numbers and similar sensitive information of roughly half of the U.S. population. ...

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Crapo might schedule pot banking hearing after all (access required)

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In what may be a shift in direction, Sen. Mike Crapo, chair of the Senate Banking, Housing and Urban Affairs Committee, has indicated he might soon schedule hearings on a bill that would let bankers serve legal marijuana businesses. Crapo told ...

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Wells Fargo merges Idaho commercial, business lines

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As part of a nationwide streamlining expected to result in a 10% reduction in headcount, Wells Fargo Bank has merged its business and commercial banking lines in the Idaho region under one manager. “We’ve had, historically, two lines of business: ...

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Little-used federal program could help low-income Idaho credit unions expand (access required)

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Most of Idaho’s credit unions are eligible for a program to give them access to secondary capital for expansion, but only a few are trying to take advantage of it. Administered by the National Credit Union Association, the program allows ...

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Idaho credit unions show robust first-quarter results (access required)

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Credit union financial reports for the first quarter were solid, with Idaho ranking first in the nation for asset growth at 6.2%. Lynn Heider, vice president of public relations for the Northwest Credit Union Association, which represents Idaho credit unions, ...

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