Bankers' Hotline, Volume 30, Number 5
The world as we knew it before the global pandemic hit is gone. Like every sector impacted, the financial industry will need to adapt and change with the "new normal" that emerges in the post-coronavirus era.
In The News
- OCC: Comptroller and CRA Changes
- Federal Reserve COVID Assistance
- Weekly Credit Reports for Consumers
Fighting Synthetic ID Fraud with Selfies
Credit Card Fraud Surges During Coronavirus Pandemic
The global pandemic that has shut down businesses, left millions of Americans unemployed, and severely impacted the economy is spawning a fraud pandemic with credit card fraud skyrocketing – and consumers, businesses, and banks facing increased risks.
As part of the Paperwork Reduction Act, FinCEN is taking another look at how it calculates the burden imposed on financial institutions for filing SARs.
Data breaches and security incidents surged to a record high in 2019 with financial gain continuing to be the leading motivator behind cyber attacks.
Focus on Fraud
From the editor's desk
Don’t Romanticize Rioting & Looting – Demand Accountability
In the wake of the death of a Minneapolis man while in police custody, civil unrest has erupted across the nation that is leading to the destruction of businesses, retailers and banks.
Questions & Answers
- Jim Beveridge
- Contributing Editor:
- Teri Wesley
- Board of Advisors:
- John S. Burnett
Mary Beth Guard, Esq.
Robert G. Rowe, III, Esq.
P. Kevin Smith