Abrigo

OCTOBER 16, 2023

Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members.

Training 195

Training Compliance Fraud Policies 195

PYMNTS

SEPTEMBER 8, 2020

1 million was stolen from the City of Industry via invoice fraud, claims officials in the California city. Officials from the Los Angeles District Attorney's Office have raided homes and offices of San Gabriel Valley Water and Power, reports noted. million per targeted attack. According to Stuff.co.nz

Company 174

Company Los Angeles Fraud Data 174

PYMNTS

MAY 21, 2019

The FTC said the defendants, in collaboration with Allied Wallet sales agent Thomas Wells, intentionally hid fraud from banks and credit card networks. Khawaja must turn over a residence in Los Angeles, and the rest of the judgement will be suspended due to inability to pay. Rountree’s $320,429.82

Los Angeles 190

Los Angeles Payments California Fraud 190

PYMNTS

NOVEMBER 4, 2020

But scam artists are capitalizing on this new way to buy a car, reports CBS Los Angeles. As people socially distance and live largely from home, home delivery of everything has soared — including used cars — as people avoid brick-and-mortar dealerships and showrooms.

Los Angeles 175

Los Angeles Course Cards Capital 175

Abrigo

OCTOBER 15, 2020

Key Takeaways Economic relief payments are often subject to fraud – PPP is no exception. BSA Officers should be aware of PPP red flags to identify potential fraud. Economic relief payments are often subject to fraud, and the Paycheck Protection Program (PPP) is no exception. Other PPP Fraud Indicators. C&I Loans.

Fraud 150

Fraud Lending Los Angeles Taxes 150

PYMNTS

SEPTEMBER 15, 2020

They must reassure customers they are safe from viral contagion in sharing economy spaces while ensuring their personal data is secure from rising incidents of fraud. Payments providers are seeking more secure and compliant ways of onboarding and authenticating customers to help deter online fraud.

Report 206

Report Los Angeles Fraud Utah 206

Abrigo

MAY 15, 2020

Key Takeaways Like other federal relief programs, the PPP has become subject to fraud. The first federal charges of PPP loan fraud have been made – and they're unlikely to be the last. From 9/11 to Hurricane Sandy, and now, during COVID-19, federal relief funds aimed to help people rebuild after a disaster becomes subject to fraud.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

PYMNTS

JANUARY 17, 2017

In late December, Los Angeles Valley College found itself to be the latest victim of a ransomware attack — when malicious software is used by to block access to files until demands are met. The Los Angeles Valley College District decided to pony up and pay the digital ransom to the tune of $28,000 in bitcoin. Francisco C.

Los Angeles 100

Los Angeles Bitcoin Connecticut Michigan 100

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases.

El Paso 195

El Paso Miami United States New York City 195

PYMNTS

FEBRUARY 22, 2019

The OCC identified the deficiencies in the bank’s branches in New York, Los Angeles and Chicago. From a bank’s perspective, we need to process these papers manually, including checking for fraud, etc.” The office recently examined the branches for BSA/AML and Office of Foreign Assets Control (OFAC) sanctions compliance.

Compliance 108

Compliance Los Angeles New York blockchain 108

PYMNTS

JANUARY 14, 2021

But in a lawsuit filed in Los Angeles federal court, Nike called Lotas a “bad actor” who was merely “promoting and selling fakes of coveted Nike Dunks,” as per Women’s Wear Daily. The company sued after Lotas began offering what the designer reportedly called “custom dunks” – shoes allegedly similar to the popular Nike Dunks shoes.

Los Angeles 309

Los Angeles social media United States New York 309

PYMNTS

APRIL 28, 2017

Supply chains and value chains are ideal use cases for Ethereum, as it enables many cooperating and competing participants to work fluidly together on a shared platform that they can all trust to realize an efficient and fraud-resistant n-sided marketplace. Blockchain has a number of exciting implications for digital advertising.

blockchain 162

blockchain Los Angeles Fraud Industry 162

PYMNTS

AUGUST 5, 2019

We’ve checked all the accounts that have been affected by this bug thoroughly, and confirmed the information hasn’t been used to commit fraud,” Monzo said on its blog. signing up consumers at events in Los Angeles, New York and San Francisco. “No one outside Monzo had access to these PINs. Monzo customers.

Security 116

Security Los Angeles San Francisco New York 116

PYMNTS

APRIL 8, 2020

There is also a physical location bearing the name “Internet Food Court,” located in Los Angeles, and officials with CloudKitchens holding company, City Storage Systems , said they are investigating this as well, concerned about its validity.

Los Angeles 177

Los Angeles social media System Capital 177

PYMNTS

MAY 20, 2019

District Court in the Northern District of California, contends Lyft committed securities fraud. On top of that, the lawsuit contends Lyft failed to warn investors of the chance of a labor dispute, pointing to a 25-hour strike by drivers in Los Angeles ahead of its IPO at the end of March.

Los Angeles 116

Los Angeles Boston California Security 116

PYMNTS

NOVEMBER 16, 2018

While the previous purchase amount threshold varied by city, it’s now set at $300,000 for each metropolitan area, covering certain counties within the following major locations: Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco and Seattle.

Las Vegas 134

Las Vegas San Antonio Report San Diego 134

PYMNTS

JUNE 27, 2019

In the June Mobile Order-Ahead Tracker™ , PYMNTS explores the latest developments in the world of mobile order-ahead and third-party apps, and how account takeovers (ATOs) and card-not-present fraud continue to plague the mobile ordering industry. Developments from around the Mobile Order-Ahead World.

Analytics 122

Analytics Data Los Angeles Mobile 122

PYMNTS

OCTOBER 3, 2017

According to news in The Los Angeles Times , citing the prepared remarks Smith is expected to deliver, the former Equifax CEO will also lay out how the credit scoring company responded to the breach that put the personal data of 143 million people at risk and exposed the credit card account numbers of 209,000 customers.

Los Angeles 101

Los Angeles Software Data Cards 101

PYMNTS

JANUARY 15, 2021

Geocoding is also useful in risk assessment and fraud prevention. By developing purchasing behavior patterns, financial institutions can mitigate fraud by identifying unusual activity in a location that’s not typical of a specific customer.”. Address Verification Completes The Picture.

Data 139

Data Los Angeles Study Fraud 139

PYMNTS

NOVEMBER 15, 2017

The Los Angeles-based company said the probe was focused on transactions made at its stores between March and October of this year, and that since the investigation was ongoing, it could not give complete findings. The company, which operates more than 815 stores in 57 countries, did not say which specific locations were affected.

Los Angeles 151

Los Angeles social media Millennials Retail 151

PYMNTS

FEBRUARY 18, 2019

The rule applies to all title companies that deal in markets that have luxury real estate including Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco and Seattle, noted the report. As for the U.K.,

Las Vegas 182

Las Vegas San Antonio San Diego Fort Worth 182

PYMNTS

APRIL 1, 2019

and Mixology in Los Angeles were also impacted by the data breach. Out of the 31 Earl of Sandwich stores, a handful were compromised, as were Planet Hollywood locations in Las Vegas, New York City and Orlando. The report noted that Tequila Taqueria in Las Vegas; Chicken Guy! in Disney Springs, Fla.;

Las Vegas 124

Las Vegas Cards Data Los Angeles 124

PYMNTS

APRIL 10, 2020

Amazon Shipping , which is a competitor to FedEx and UPS, launched in beta in Los Angeles and London. How Visa And The US Secret Service Are Flattening The COVID-19 Fraud Curve. Bringing AI To The Fight Against Healthcare Payments Fraud. Wells Fargo To Cap SMB Bailout Loans at $10 Billion. Trackers and Reports.

Taxes 216

Taxes Tools Payments Los Angeles 216

PYMNTS

MAY 2, 2019

The affected power company provides electricity to Los Angeles, Salt Lake County in Utah and Converse County in Wyoming. “DOE continues to work with our industry partners through the ISACs to ensure the dissemination of the appropriate mitigation information to manage their associated risks.”.

Los Angeles 123

Los Angeles US Wyoming Utah 123

American Banker

OCTOBER 13, 2016

Without investigations by the Los Angeles Times and city prosecutors, the Wells Fargo account scandal would never have come to light. Where were federal regulators?

Los Angeles 28

Los Angeles Fraud Regulation Compliance 28

PYMNTS

SEPTEMBER 8, 2016

Last May, Los Angeles City filed suit against the bank for allegedly pressuring employees to commit blatant frauds like opening accounts for non-existent people.

Los Angeles 100

Los Angeles Training Regulation Lending 100

PYMNTS

MARCH 23, 2016

Another similar attack hit a hospital in Los Angeles in an incident that led to the hospital paying out $17,000 worth of bitcoin to hackers who took down a computer system. Just yesterday (March 21) PYMNTS reported about a town that was being held hostage via a bitcoin ransomware attack. And last month?

Bitcoin 100

Bitcoin Los Angeles Kentucky System 100

PYMNTS

FEBRUARY 16, 2018

The service, which is known as “Shipping with Amazon,” is launching in Los Angeles and possibly other locations, a person who has knowledge of the program told Reuters. Once investors got wind of the news, shares of both FedEx and UPS slid more than 4 percent late last week.

Data 129

Data Los Angeles Security Examples 129

PYMNTS

JANUARY 10, 2019

According to Bloomberg , Los Angeles-based clothing maker MyDyer, which was LuLaRoe’s main clothing manufacturer, is now suing the company for $48.7 A multi-million dollar lawsuit is accusing the founders of LuLaRoe of hiding tens of millions of dollars in shell companies to avoid paying their creditors.

Los Angeles 124

Los Angeles Oregon California Maine 124

Gonzobanker

JUNE 7, 2023

For neobanks, funding is plummeting and the path to profitability is about as formidable as crossing the 101 Highway in Los Angeles by foot. An account designed for retirees would benefit from including customized fraud tools that help adult children or a trusted individual manage the account as needed.

Los Angeles 133

Los Angeles Fintech Digital Banking Tools 133

PYMNTS

AUGUST 27, 2019

ABA’s request stems from concerns about rising fraud levels at CUs, as well as New York City’s recent taxi medallion scandal. The merger is the latest in a series of CU consolidations in the Los Angeles area, which has resulted in the number of CUs in the area dropping by nearly 60 percent since 2000. billion in assets.

Data 122

Data Report Los Angeles California 122

Abrigo

APRIL 30, 2020

Furthermore, the interim final rule states that if a borrower “knowingly uses the funds for unauthorized purposes” he or she will be subject to “additional liability, such as charges for fraud.”. You have ample access to capital markets or substantial market value.

Los Angeles 273

Los Angeles Lending Resources Software 273

PYMNTS

SEPTEMBER 9, 2016

85 million | The total amount to be paid to the Comptroller of the Currency ($35 million) and to the City and County of Los Angeles ($50 million). Here are the numbers: $100 million | The amount that Wells Fargo has been fined by the CFPB. $85

Los Angeles 100

Los Angeles Data Cards Meeting 100

PYMNTS

MAY 30, 2018

The SEC’s complaint, filed on May 22 in federal district court in Los Angeles, charges Stollaire and Titanium with violating the antifraud and registration provisions of the federal securities laws. The complaint also charges another Stollaire company, EHI Internetwork and Systems Management Inc.

Los Angeles 102

Los Angeles social media blockchain Video 102

American Banker

SEPTEMBER 21, 2016

Republican lawmakers are pushing back against claims by the Consumer Financial Protection Bureau's allies that it rooted out fraud at Wells Fargo, arguing the L.A. City Attorney and the Los Angeles Times brought the situation to light.

Los Angeles 28

Los Angeles Fraud Regulation 28

PYMNTS

OCTOBER 20, 2016

As if it couldn’t get any worse for embattled Wells Fargo, Los Angeles Times is reporting that the California Department of Justice is looking into criminal identity theft over the creation of the fake accounts.

California 100

California Los Angeles Report Cards 100

Insights on Business

SEPTEMBER 12, 2018

Would you rather travel from New York to Los Angeles, hyperloop style , in half the time of flying, knowing that your safety is not assured, or sit aboard a conventional flight for 7 hours, knowing that you have chosen a statistically safer, though significantly slower, means of travel. IBM RegTech Innovations. Riddle me this?

Payments 96

Payments Las Vegas Los Angeles Fraud 96