Executive order phases out U.S. Treasury paper checks
Under a new executive order from President Trump, effective Sept. 30, the U.S. Treasury will no longer issue paper checks ...
Tag: Fraud
Enhancements, cost reductions announced for Social Security verification system
SSA announced a plan to reduce costs and enhance its Electronic Consent Based Social Security Number Verification, which allows financial ...
Social Security implements new protocols for changing bank information
The Social Security Administration announced that beneficiaries will no longer be able to change their direct deposit bank information through ...
FTC: Consumer fraud losses jumped 25% in 2024
Consumers reported losing more than $12.5 billion to fraud last year, representing a 25% increase over the previous year, the ...
Iowa targets crypto ATMs for role in alleged scams
Iowa Attorney General Brenna Bird announced lawsuits against two cryptocurrency ATM operators over alleged failures that allowed Iowans to transfer ...
Survey: More than one in three Americans hit by scams, fraud in past year
More than one in three U.S. adults (34%) have experienced financial fraud or a scam since January 2024, with nearly ...
FCC adopts ABA-supported order to combat illegal calls
In a unanimous vote, the Federal Communications Commission adopted new rules supported by the ABA that would combat illegal calls.
FinCEN urges financial institutions to ‘remain vigilant’ about relationship scams
FinCEN issued a statement calling on financial institutions to remain vigilant regarding suspicious activity that may be indicative of relationship ...
ABA supports FCC order to combat illegal calls
ABA voiced support for FCC rules requiring all voice service providers in the call pathway to block calls that are ...
Podcast: Bowling 300 on bank policy advocacy
In rural southeastern New Mexico, bank CEO and varsity bowling coach Ken Clayton often takes his team on 500-mile one-day ...
