Industry Article

In late April, the Office of the Comptroller of the Currency (OCC) sent cease-and-desist orders (C&D) to two banks, citing them for BSA/AML deficiencies. In addition, the OCC fined one of the [...]

Mortgage and loan fraud is on the rise, having leapt 15% in the first quarter of 2022 over the same quarter last year. Lenders should be aware that the threat of mortgage fraud is highest in the [...]

The Texas Department of Insurance (TDI) announced this month that the personal identifiable information (PII) of 1.8 million Texas workers who filed compensation claims, has been breached. The [...]

Electronic payment systems are constantly evolving to keep up with the ever-changing landscape of how we do business. This is especially true for real-time payments, which are growing in [...]

Florida credit union overhauls its fraud prevention with big assist from AI *This article was originally published in American Banker by Carter Pape May 06, 2022, 3:35 p.m. EDT As algorithmic [...]

Upcoding fraud is a type of health insurance fraud where a healthcare provider submits a bill to an insurance provider that’s more expensive than the actual services provided. The goal of this [...]

The friction between banks and their clients over fraud and account takeovers has reached the boiling point for one Truist banking customer. Perran Davis says his deceased father’s estate account [...]

$550k credit union fraud exposed A Clarksville, Tennessee auto dealer is alleged by the Feds to have applied for over a half-million dollars in loans from eight different credit unions… for the [...]

Feds still trying to determine if this credit union (named inside) was a victim. An ex-judge and Municipal Credit Union Board Chair, Sylvia Ash, has been sentenced to 15 months in federal prison, [...]

Bank Fraud Victim Takes Matters Into Her Own Hands After noticing fraudulent charges in her account, a Stuart, Florida woman took matters into her own hands by hunting down the fraudster herself [...]