Beware of Scammers Using Zelle
Fraudsters will call the user under the guise of reversing the unauthorized transaction. The scammer then asks for the victim’s username and password to verify their identity and transfers money out of their account.
fraud prevention
FASB Finalizes Standard for Credit-Loss Accounting
After numerous delays and extensions, the Financial Accounting Standards Board (FASB) issued its long-awaited final standard on accounting for credit losses on Thursday. After meeting with concerned community bankers, auditors and regulators, the ...
In-Person Banking Still Preferred by Many Consumers
The survey found that 84 percent of bank customers still visit their branches at least once a month, refuting the premise that bank branch demand is declining.
Bank of America, Wells Fargo Change Mortgage Practices After Settlement
Bank of America and Wells Fargo are changing some of their practices to comply with the terms of a national legal settlement that aimed to fix pervasive problems in mortgage servicing, a Wednesday report from the agreement's watchdog shows.