New cybersecurity task force established in Pennsylvania
The Pennsylvania Department of Banking and Securities has formed a cybersecurity task force to help financial services companies under the department’s supervision address cybersecurity issues. The department regulates some 200 state-chartered banks, trusts and credit unions. It also licenses about 17,000 non-bank lenders, debt management companies, check cashing companies and others.
Five area credit unions earn poor ratings from analyst firm
Five Pittsburgh-area credit unions landed on BauerFinancial’s list of problem financial institutions for the second quarter: Beaver Avenue credit union, North Side; Duquesne Light credit union, Beaver Falls; Pittsburgh Central, Sewickley; Shacog, Carnegie; and Teamsters Local 30, Jeannette. Institutions earning two stars or fewer out of five end up on the independent research group’s problem list. All of the local credit unions earned two stars except for Teamsters Local 30, which earned zero stars, down from one star the previous quarter. There were no area banks on the problem list.
New cardiac ICU at West Penn amid $30 million investment
West Penn Hospital in Bloomfield unveiled its new 16-bed cardiac intensive care unit Tuesday, part of the Allegheny Health Network hospital’s $30 million investment in its interventional cardiology service that includes cardiac catheterization, heart bypass surgery and procedures to implant pacemakers and defibrillators. The new unit will care for patients requiring round-the-clock monitoring and post-surgical care.
State announces hearing on health care ‘balance billing’
The Pennsylvania Insurance Department will hold a public hearing next month on health care billing. Insurance commissioner Teresa Miller said the session will center on surprise “balance billing,” when a health care provider outside a patient’s insurance coverage plan charges the person unexpectedly. That has happened even when patients seek care through facilities in their coverage networks, according to the department. Anyone may speak at the Harrisburg gathering set for 10 a.m. to 1 p.m. Oct. 1 at 300 N. State St. Written testimony may be sent by email to David Buono at dbuono@pa.gov.
Macy’s to test Best Buy shops and close dozens of stores
Department store operator Macy’s Inc. and electronic retailer Best Buy will test licensed consumer electronics departments in 10 Macy’s stores starting in early November. Plans call for Best Buy licensed shops of about 300 square feet to open in Macy’s stores. Specific locations were not identified. In other news, Macy’s said it will close 35 to 40 underperforming stores early next year out of its 770 total stores. The specific locations will be announced at a later date, the retailer said.
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