Abrigo

FEBRUARY 27, 2025

Fraudsters continuously evolve their tactics, using social engineering, phishing scams, and sophisticated impersonation schemes to deceive victims into sending funds to fraudulent accounts. Banks and credit unions should educate clients on how these scams operate and encourage them to verify all wire requests independently.

Credit Unions 78

Credit Unions Electronic Funds Transfer Transactions 78

RMAi Blog

AUGUST 14, 2024

First Credit Union v. The scam resulted in numerous unauthorized electronic transfers being made from the customers’ accounts at the financial institution. The plaintiff financial institution reimbursed its customers for the unauthorized transactions as mandated by the federal Electronic Fund Transfer Act (EFTA).

Electronic Funds Transfer 130

Electronic Funds Transfer Credit and Collections Bankruptcy Law Firms 130

Abrigo

NOVEMBER 22, 2021

You might also like this webinar, "Consumer Lending 101.". Banks and credit unions extending payments on vehicle loans, personal loans, or other consumer loans had to ensure they provided accurate disclosures in compliance with federal and state consumer protection laws. Consumer lending compliance spotlight.

Credit and Collections 78

Credit and Collections Debt Collections Credit Unions Electronic Funds Transfer 78

Abrigo

MARCH 18, 2025

FedNow , the new instant payments infrastructure developed by the Federal Reserve, is a recent example of the changes banks and credit unions must adapt to in order to meet consumer expectations. banks, credit unions, businesses, consumers) Payment instruments (e.g.,

Credit Unions 78

Credit Unions Electronic Funds Transfer Transactions 78