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Fraud typologies all financial institutions should know

Abrigo

Sweepstakes/charity/lottery scams Victims are told they have won a lottery or sweepstakes but must pay taxes or fees to claim their prize. Grandparent scams Scammers pose as a grandchild or another relative in distress, urgently requesting money for an emergency, such as bail, hospital bills, or travel expenses.

Fraud 221
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How community banks can help young homebuyers

Independent Banker

year-over-year increase in the first quarter of 2022, according to the National Association of Realtors (NAR). Source: 2022 Home Buyers and Sellers Generational Trends, National Association of Realtors. Chelsea State Bank hopes to hold additional seminars in the future. Click to enlarge. Plenty of tools in the box.

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Are Employers The Low-Dollar Lenders Of The Future?

PYMNTS

Dochtermann has been involved in extinguishing several employees’ high-interest debts and sets repayment at a 5 percent interest rate, reducing pre-tax compensation by the loan amount. In some cases, those loan programs are married to seminars and financial planning. The move comes as the American worker is facing leveled-up debt.

New York 100
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Reverse Trend

Independent Banker

A recent national survey from The Demand Institute reveals that 63 percent of baby boomers plan on “aging in place” in their current home. Ardesson also plans to start calling on financial planners about the loans and conducting public seminars on them. who oversees 32 loan officers dedicated to providing the loans. About the market.

Trends 70
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Building Financially Empowered Youth; Our Future Depends on Them

Filene

A 2013 FDIC National Survey of Unbanked and Underbanked Households showed that more than 30% of household members under the age of 24 are unbanked—significantly higher than older generations. They produced a “Don’t Tax My Credit Union” video for Congress in support of credit unions.

Video 64