ABA: Public should be skeptical of CFPB lawsuit against Zelle
Americans should be deeply skeptical of a CFPB lawsuit against the operator of Zelle and participating banks in the final ...
Tag: Fraud
FinCEN issues alert on scammers using its name, logo
FinCEN issued an alert to raise awareness of fraud schemes involving misuse of the agency’s name, insignia and authorities for ...
FCC establishes portal for banks to report illegal calls
The Federal Communications Commission has established a “Private Entity Robocall and Spoofing Portal,” where banks and other companies can submit ...
Top bank risks for 2025
New and persistent bank risks’ interconnectedness elevate overall risk.
Annual SEC report to Congress details increased efforts in fraud surveillance and prevention
The report cited FTC figures detailing a 21% increase from 2022 to 2023 in consumer investment scams and losses of ...
Federal cybersecurity office releases tips for consumers on avoiding holiday scams
The Office of Cybersecurity and Critical Infrastructure Protection has released a consumer advisory on avoiding cyber and online scams during ...
OCC’s Hsu: Banks alone can’t solve fraud problem
Banks and bank regulators can do more to address financial fraud, but they also need third parties such as social ...
Time and communication are crucial in spotting fraudulent transactions
Understanding what to look for is one step toward thwarting potential criminal activity.
Federal Reserve expands check fraud detection tool to include commercial checks
Federal Reserve Financial Services recently announced the expansion of FedDetect Duplicate Notification for Check Services to include commercial checks, alongside ...
Regulators release strategies for financial institutions to combat elder financial exploitation
Federal and state financial regulators released a joint statement with strategies and advice for financial institutions on identifying, preventing and ...
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