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U.S. Card Skimming Fraud Grows 700+% in First Half of 2022

FICO

Card Skimming Fraud Grows 700+% in First Half of 2022. Credit card and debit card skimming fraud is back with a vengeance in the US, while other fraud types are seeing global growth. At FICO World 2022, I hosted a session where we talked about global fraud trends like authorized push payment scams and romance scams.

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Buying into AML risks in real estate

Abrigo

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The real estate market is enticing to more than just new homeowners or investors. Real estate market AML risks Real estate is a proven, traditional, and well-established marketplace.

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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

At the end of 2021, the Biden administration announced that they would pay closer attention to corruption in the real estate market, with a special focus on all-cash commercial and residential real estate transactions. Stay up to the date on emerging fraud trends. Fraud Prevention. learn more. Taking action. keep me informed.

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5 payments trends you should know about

Independent Banker

We’ve got capital market resets that are potentially happening, technology advancements and continued heightened digital expectations. When it comes to payments, there are opportunities out in the market to partner with fintechs,” says Chris Doyle, president and CEO of $2.1 Address fraud and security. Fraud is running rampant.

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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

A cluster of states in the northeastern US accounted for an additional 29%, and included New York, New Jersey, Pennsylvania, Maryland and Virginia. When looking at total fraud cases related to skimming, we saw that 70% were tied to POCs in 5 states: California (38%), New York (16%), Pennsylvania (6%) and Florida/Washington (5%).

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Where Credit Unions Invest To Get The Best ROI

PYMNTS

Credit unions (CUs) rely on their members’ loyalty to compete in a saturated financial services market. Speaking of efficiency, a new service from a Maryland-based CU aims to simplify the small dollar loan application process. Auto lending is also getting an upgrade in the CU market.

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CFPB files lawsuit against debt-relief and credit-repair company and its owners and executives

CFPB Monitor

On June 29, 2021, the CFPB and the Attorney General of the State of Georgia filed a proposed order in connection with a joint lawsuit they filed a day earlier in federal district court in Georgia against Maryland-based debt-relief and credit-repair company Burlington Financial Group (“Burlington”) and three individual owners and executives.

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