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. Strong authentication measures can prevent account takeovers that lead to fraudulent wire transfers.

Credit Unions 78

Credit Unions Electronic Funds Transfer Transactions 78

RMAi Blog

AUGUST 14, 2024

The bill would broadly define medical debt to mean “a debt related to, in whole or in part, a transaction, account, or balance arising from a medical service, product, or device.” The scam resulted in numerous unauthorized electronic transfers being made from the customers’ accounts at the financial institution.

Electronic Funds Transfer 130

Electronic Funds Transfer Credit and Collections Bankruptcy Law Firms 130

Abrigo

MAY 20, 2020

Remaining aware of COVID-19 related red flags and training staff on key indicators will enhance your transaction monitoring program and assist you in detecting fraud perpetrated upon victims struggling during this difficult time of pandemic. Your BSA software should be customized to fit your risk profile. Learn More. C&I Loans.

Transactions 78

Transactions Electronic Funds Transfer Credit Risk 78

Abrigo

NOVEMBER 22, 2021

You might also like this webinar, "Consumer Lending 101.". Regulation E, implementing the Electronic Funds Transfer Act (EFTA). This applies not only to consumer loans but to mortgages — residential and commercial—every form of credit in America,” he said during a recent Abrigo webinar, “ Consumer Lending 101.”.

Credit and Collections 78

Credit and Collections Debt Collections Credit Unions Electronic Funds Transfer 78

Abrigo

MARCH 7, 2025

This blog will break down what Reg E compliance entails, the basics of the Electronic Fund Transfer Act (EFTA) , and the potential consequences for financial institutions that fail to comply. It is part of the Electronic Fund Transfer Act (EFTA), a law passed in 1978 to safeguard consumers using electronic payment systems.

Electronic Funds Transfer 78

Electronic Funds Transfer Transactions 78

Abrigo

MARCH 18, 2025

Payment systems are at the heart of modern banking, enabling secure and efficient money transfers. Consumers often take for granted how seamlessly transactions occur, but the financial professionals responsible for payment processing and fraud prevention must navigate a rapidly evolving landscape. ACH transfers accounted for 34.2

Credit Unions 78

Credit Unions Electronic Funds Transfer Transactions 78