The bounced checks were unrelated to the recent collapse of Signature Bank and affected consumers will be reimbursed, according to the settlement administrator.
The number of affected consumers is fewer than 5,000, Keough said. Roughly 18 million consumers were part of the class action lawsuit that led to the settlement, she said.
As a result, consumers who were affected by the breach had the option of signing up for either up to $125 or free credit monitoring at all three of the largest credit reporting firms:
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Silicon Valley Bank, Signature Bank executives gave thousands to Democrats and RepublicansBefore going down in history as two of the largest bank failures in the U.S., executives for Silicon Valley Bank of California and Signature Bank of New York were political donors who steered their money toward people who influence financial services laws.
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Barney Frank Talks More About the Surprise Shuttering of Signature Bank“I was sort of vindicated — they have not argued that we were insolvent.” Here, Barney Frank spoke with jenwieczner about why he blames regulators for unreasonably putting Signature Bank out of business and what he really thinks about banking crypto
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Signature Bank Seizure 'Nothing To Do With Crypto,' New York Says | CoinMarketCapcryptonews: The decision to seize and shutter Signature Bank over the weekend had 'nothing to do' with its activities as a crypto banker. 🤓
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Why Barney Frank Went to Work for Signature Bank“What’s the matter with you? You really believe that nobody who has regulatory experience should be on a bank board?” IChotiner speaks with the former congressman Barney Frank.
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Exclusive: U.S. regulator eyes Friday bids for SVB, Signature Bank-sourcesRegulators at the U.S. Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by March 17, people familiar with the matter said on Wednesday.
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Exclusive: U.S. regulator eyes Friday bids for SVB, Signature BankRegulators at the U.S. Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by March 17, people familiar with the matter said on Wednesday.
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