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Elder abuse costs banks $1 billion in deposits a year, according to AARP. It has launched a video-game-style online training program that teaches bank employees what to be alert for.
May 8 -
The Credit Union National Association has partnered with the group to help distribute the platform to financial institutions free of charge.
May 8 -
Bank’s involvement and complex financing draw ire of Barclay shareholders; banks report financial deceit by those who know seniors.
February 28 -
Banks use anti-money-laundering and fraud systems to try to catch scams that prey on senior citizens. A few, including Wells Fargo, are working on artificial intelligence that could spot them even earlier.
January 30 -
The largest banks are expected to soon receive requests to appear before the House Financial Services Committee; banks taking steps to curb scams.
January 25 -
With President Trump signing the regulatory relief bill into law on Thursday, credit unions expect to see a host of benefits, including changes to MBL regs, HMDA exemptions, changes to the QM rule and more.
May 24 -
The $12 million settlement forced WSFS to reduce its fourth-quarter earnings.
February 28 -
The Mobile Act would allow financial institutions to scan or copy a customer’s photo ID when opening an account remotely, while another bill contained provisions that would protect bankers from lawsuits if they report suspected elder financial abuse.
January 30 -
The Mobile Act would allow financial institutions to scan or copy a customer’s photo ID when opening an account remotely, while another bill contained provisions that would protect bankers from lawsuits if they report suspected elder financial abuse.
January 30 -
If Congress doesn’t take the lead on protecting consumers from data breaches, states are more than ready to offer their own fixes. Bankers will also be keeping close tabs on bills related to marijuana, PACE loans and elder financial abuse.
January 11