Illinois State Treasurer’s Office News Releases

CHICAGO — Illinois State Treasurer Michael Frerichs will announce plans to suspend billions of dollars in investment activity with Wells Fargo. Wells Fargo is under fire after the bank admitted to secretly opening over two million unauthorized accounts for its customers. A news conference will be held on Monday, October 3 at 10:00 a.m. at the James R. Thompson Center (Blue Room) at 100 West Randolph, in Chicago, IL to share details about the moratorium. WHO: Treasurer Michael Frerichs Will Guzzardi, Illinois State Representative Jacqueline Collins, Illinois State Senator William…

SPRINGFIELD — Illinois State Treasurer Michael Frerichs today called on Kemper to detail its plan for “implementing enhancements to its life insurance claims procedures.” Kemper this week announced it will change how it uses the Death Master File List (DMF) to match unpaid life insurance policies with deceased customers. Kemper said it “is voluntarily undertaking a comprehensive process under which it will cross-reference its life insurance policies against the Social Security Death Master File and other databases to identify potential situations where beneficiaries may not have filed a claim following…

CHICAGO — Illinois State Treasurer Michael Frerichs today hosted a celebration at the James R. Thompson Center in Chicago to commemorate Hispanic Heritage Month. The event was an opportunity to reflect on the great achievements of Hispanics and Latinos and present awards to active leaders in the community. “It is important that every day we acknowledge the great achievements and contributions of our Hispanic and Latino neighbors,” Frerichs said. “Today, let us take a moment to recognize past and current leaders for their dedication to making our communities a better…