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Banking fraud is a serious issue that affects millions of people each year. It is important to take steps to protect yourself and your financial information from fraudsters. Here are some tips to help prevent banking fraud: Use strong passwords and never share them with anyone. Avoid using easily guessed information such as your name
Know When It’s Time To Hang-Up. Don’t Fall Victim To These New Phone Scams October 13, 2022 Just recently, it was discovered three new phone scams are making the rounds. These scams play on our fears (a scammer favorite), they’re tough to spot, and they’re after your money. It’s always smart to know how they
Fannie Mae has learned of a consumer fraud scam involving a person who claims to be a Fannie Mae employee contacting people offering to modify their mortgage and requesting money or gift cards. We are investigating this matter. Fannie Mae does not contact individual borrowers. If lenders, servicers, or other mortgage professionals receive inquiries from
A Cannabis Banking Program Built for Change We sat down with Nicole Perry, Vice President and Treasury Management Officer at Michigan-based Dart Bank. As the first financial institution in Michigan to serve cannabis customers after the state legalized adult use in 2018, Dart Bank has learned that you can never become complacent because the industry
Trials and Tribulations – Compliance for Banking by Nicole Perry, DartBank There are not a lot of financial institutions out there that support cannabis, so finding the right one is important. What is also important is to understand the ‘why’ behind what they are asking. Opening a cannabis bank account is not as easy as opening
Using mobile payment apps like CashApp, Venmo, or Zelle can be a convenient way to get quick cash to your family and friends. But remember the first rule of sending money, whether you’re using an app or money wiring service: Be sure you know who’s on the receiving end. Otherwise, you might lose the money you sent —
Selling stuff online can be a great way to make some extra cash. Craigslist, Facebook Marketplace, and other sites attract a lot of buyers — and scammers. Here are some ways scammers try to cheat you and what to do about it. Fake payments and bogus refund requests A scammer posing as a buyer says they
Avoiding Cashier’s Check Fraud Many consumers have become victims of scams involving a fraudulent cashier’s check. A cashier’s check is a check that is issued by a bank, and sold to its customer or another purchaser, that is a direct obligation of the bank. Cashier’s checks are viewed as relatively risk-free instruments and, therefore, are
Elder Fraud Each year, millions of elderly Americans fall victim to some type of financial fraud or confidence scheme, including romance, lottery, and sweepstakes scams, to name a few. Criminals will gain their targets’ trust and may communicate with them directly via computer, phone, and the mail; or indirectly through the TV and radio. Once
Millions of people turn to online dating apps or social networking sites to meet someone. But instead of finding romance, many find a scammer trying to trick them into sending money. Read about the stories romance scammers make up and learn the #1 tip for avoiding a romance scam. The Lies Romance Scammers Tell How To