SACRAMENTO, Calif. -- More credit union and bank customers have come forward in a growing debit card fraud at Dollar Tree stores, authorities said Wednesday. As much as $600,000 may have been siphoned from as many as 500 accounts at area credit unions and banks after the account holders shopped at the local discount stores. The Golden 1 CU said it shut down 800 ATM cards that may have been compromised, after receiving inquiries from members, and the credit union giant is urging members to monitor their accounts. Investigators say cyberthieves waiting in the parking lots of selected Dollar Tree stores may have stolen personal account information using a wireless laptop computer, then used the data to produce bogus ATM cards, which enabled them to withdraw cash on the victims' accounts.
-
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
2m ago -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
6m ago -
Like the Olympics, the event is used to push and measure engagement and appetite for emerging checkout options.
1h ago -
The Treasury's Financial Crimes Enforcement Network and federal banking and credit union agencies limited issuers' know-your-customer obligations to direct-to-consumer services, preliminarily rejecting a "global" customer due diligence requirement they say is unfeasible.
1h ago -
The bank is following in the footsteps of Goldman Sachs, which made a similar move in April.
1h ago -
A potential deletion from a long-standing regulatory definition has banks questioning how to classify vast swaths of their lending books.
3h ago










