Title:NACHA defers effective date of the new Same Day ACH processing window March 19,
Summary:The effective date of the new Same Day ACH processing window is deferred by 6 months until March 19, 2021. The Federal Reserve Board of Governors (“Fed Board”) has informed NACHA that it will not be able to provide timely notification of its approval for Federal Reserve services necessary to enable the new window by the deadline provided for in the rule.
PublishDate:3/19/2019 12:00:00 AM
Title:CFPB Releases Suspicious Activity Reports on Elder Financial Exploitation
Summary:FIs are seeing vast numbers of their older customers fall prey to financial exploitation by perpetrators ranging from offshore scammers to close family members—and they’re filing hundreds of thousands of reports about these suspicions. The Consumer Financial Protection Bureau has released a report about key facts, trends, and patterns revealed in Suspicious Activity Reports.
PublishDate:3/6/2019 12:00:00 AM
Title:Online Auction Fraud – Tips to Avoid Becoming a Victim
Summary:A recent Secret Service investigation uncovered a transnational organized fraud ring that stole over $30 million dollars from unsuspecting victims from across the country. The increasing popularity of e-commerce auctions and marketplaces will only enhance a fraudster’s ability to defraud Americans.
PublishDate:2/11/2019 12:00:00 AM