Bankers' Hotline, Volume 32, Number 2
Making good on its promise to look into overdraft and other fees that drive consumer complaints, the CFPB has launched an initiative to reduce what it calls " exploitative junk fees" charged by banks and financial companies.
The rapidly expanding BNPL space is primed for banks to leverage the growing demand for these products with their own BNPL services.
In The News
- The FDIC's Top 5 Priorities for 2022
- The CFPB Offers Consumers Rulemaking Input
- A Whole New World of Virtual Banking
Verified Onboarding with Ondato
Check Fraud: Still a Prevalent Threat
While we hear more about financial cyber crime these days, check fraud is still a modern-day threat and check fraud against financial institutions remains extremely prevalent.
To increase awareness, educate consumers, and foster industry collaboration about the growing trend in sythentic fraud, the Fed has released a toolkit of valuable resources for industry stakeholders.
With the rise in mobile banking, digital wallets, and P2P apps, cybercriminals have turned their attention to these lucrative targets to steal millions of dollars from consumers.
Focus on Fraud
- FinCEN’s RRP Recover $1.B for Victims
- Fraudsters Targeting Fintechs
- When the Threat Comes From Within
From the editor's desk
Know When to Pivot
In our personal lives and our professional endeavors, the best laid plans often go astray. Adjusting our sails and knowing when to pivot is a key element in navigating the storm of sudden change.
Questions & Answers
- Jim Beveridge
- Contributing Editor:
- Teri Wesley
- Board of Advisors:
- John S. Burnett
Mary Beth Guard, Esq.
Robert G. Rowe, III, Esq.
Kevin Smith, CPP