Credit, check fraud costs weigh on Regions' earnings
American Banker
APRIL 19, 2024
The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
53 
How Regions Bank unwittingly invited a surge in check fraud
American Banker
JANUARY 2, 2024
The Alabama-based bank loosened its funds availability policy in 2022 as part of an effort to give customers early access to their paychecks. "We We opened the door too wide, bad people came rushing in, and we didn't close the door timely enough," Regions' CFO said.
Join 50,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Check fraud leads to big Q3 charge at Regions Financial
American Banker
OCTOBER 23, 2023
The Alabama bank reported that check fraud resulted in operational losses of $135 million between April and September, including $53 million last quarter. The entire banking industry has been beset by higher levels of check fraud since the start of the COVID-19 pandemic.
Regions Bank Makes A Digital Push With The Help Of AI
PYMNTS
NOVEMBER 14, 2019
Birmingham, Alabama-based Regions Bank is one such bank that is taking a digital-first approach as it seeks to remain competitive. PYMNTS recently spoke with Bradley about how Regions Bank is transforming its 1,456 branch locations and the array of technologies it is leveraging to accomplish its innovative goals. A ROSIE future.
Easy Ways BSA Officers Can Get Their Required Training
Abrigo
AUGUST 22, 2019
One option that makes it easy for BSA officers to complete required training is to attend regional meetings. For example, Abrigo is hosting regional seminars in six cities across the U.S. Cost for these regional meetings is $100, and dates and locations are: Sept. Fraud Prevention. between September and January.
Deep Dive: Digital-First Banking’s Challenges And Benefits
PYMNTS
MARCH 3, 2020
Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. Alabama-based Regions Bank deployed advanced ATMs as part of its digital push, replacing human tellers at many of its drive-thrus.
Old School, New School: TCU Pairs AI And Outreach To Personalize Members’ Experiences
PYMNTS
NOVEMBER 19, 2020
This represents 59 percent growth over the past 10 years, much of it buoyed by a surge in sign-ups across the Oceania region. CU members stand to benefit greatly from such solutions, as the study reported that 51 percent them of them have had their identities stolen and 68 percent have been targeted by debit or credit card fraud.
Let's personalize your content