Banking & Credit Cards
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Latest in Banking & Credit Cards
Ohio investigators recovered all $15,300 a 63-year-old lost to a crypto ATM scam
Ohio investigators recovered every dollar, $15,300, that a 63-year-old Allen County woman lost to a crypto ATM scam, Attorney General Andy Wilson’s office announced October...
An Iowa man admitted laundering money from a scheme that took out at least $21,992,037 in bank loans in his name and the names of 26 unwitting customers
Curtis Weston, 35, of Rockwell City, Iowa, pleaded guilty on October 2 to one count of money laundering tied to a bank-loan scheme that moved...
A Ukrainian-Russian man admitted laundering money for hackers who raided over 750 U.S. bank accounts using more than 15,000 unwitting money mules
Oleg Korniev, a 42-year-old dual citizen of Ukraine and Russia, pleaded guilty on October 8 to running a laundering network that moved money stolen by...
A Canadian man got 33 months and must repay $256,000 for recruiting fake bail bondsmen in a grandparent scam aimed at about 20 elderly Americans
A federal judge in Vermont sentenced Paul Conneh, 39, of Moncton, New Brunswick, to 33 months in prison on October 6 and ordered him to...
Fake federal agents talked 24 California and Nevada victims out of $597,100 in cash, and the courier who collected it pleaded guilty October 5
Binghui Liu, 33, a Chinese citizen formerly of San Jose, pleaded guilty on October 5 to laundering about $597,100 in cash that he collected from...
A former Santander bank employee got 30 months for stealing more than $125,000 from a 78-year-old customer with dementia, wiring some of it to Portugal
A former Santander Bank employee in Rhode Island was sentenced on Oct. 8 to 30 months in federal prison for draining more than $125,000 from...
Pennsylvania to mail free chip SNAP cards to over 1.7 million recipients in late spring 2027
Pennsylvania plans to start mailing chip-enabled benefit cards to the more than 1.7 million people on SNAP, the program once known as food stamps, in...
California will let courts return seized crypto to scam victims when scammers are overseas
California has a new way to give cryptocurrency back to people who were scammed, even when the scammers sit overseas and cannot be convicted. Senate...
A Wisconsin courier in a Phantom Hacker scam targeting elderly savers got 84 months
A federal judge in Wisconsin sentenced Ankurkumar Patel, 44, of Brookfield to 84 months in prison on October 6 for working as a courier in...
Comerica debit cards and checks keep working after Fifth Third converted about 600,000 accounts
Comerica debit cards and checks keep working after Fifth Third Bancorp converted about 600,000 Comerica accounts and 293 banking centers over Labor Day weekend, and...
Kroger’s store credit cards are being switched to U.S. Bank Smartly Visa cards this fall, and the 5-cent fuel discount ends once the new card is activated
Kroger’s store credit cards are being replaced by the U.S. Bank Smartly Visa this fall, and the extra 5 cents a gallon that cardholders get...
The FTC starts sending PayPal payments from more than $15.8 million in Cleo AI cash-advance refunds on October 27, and each payment should be accepted within 30 days
The Federal Trade Commission will start sending PayPal payments on October 27 to 2,124,796 people who paid Cleo AI for instant cash advances, and the...
The $2.8 million FinWise Bank data breach settlement offers up to $5,000 for documented losses or a pro rata cash share, and claims close October 29
A $2.8 million settlement over a 2024 data breach at FinWise Bank lets affected people choose between a payment of up to $5,000 for documented...
Alaska Airlines members can choose how they earn Atmos points starting January 1
Alaska Airlines will let members of its Atmos Rewards program decide how flights earn points beginning January 1: one point per mile flown, five points...
Prosecutors charged a Vietnamese national with laundering about $53.3 million in pig-butchering money
Federal prosecutors in Kansas City have charged Trung Nguyen Van, 37, a Vietnamese national, with laundering money from pig-butchering scams. The complaint says his cryptocurrency...
Eleven people were sentenced for grabbing credit union members’ phones to reach their bank accounts
Eleven people have been sentenced to prison terms ranging from four months to three years and six months for a scheme in which fraudsters approached...
A Jamaican sweepstakes caller who targeted at least 115 elderly victims got 36 months
A federal judge in South Carolina sent a Jamaican man to prison for 36 months for phoning elderly Americans with news that they had won...
Credit card accounts that paid interest were charged an average 22.36 percent in August, the Federal Reserve said October 7, while all card accounts averaged 21.19 percent
Credit card accounts that were charged interest paid an average of 22.36 percent in August, up from 22.15 percent in the second quarter, the Federal...
Bhavesh Kumar Thakkar, 45, was convicted in Austin on two counts related to wire fraud and money laundering in a scheme tied to over $150 million from elderly victims
A federal jury in Austin has convicted Bhavesh Kumar Thakkar, 45, an Indian national living in the United States on a spousal visa, on two...
The SEC alleges Cryptoaiml and TSAI Pro used WhatsApp groups and fake AI trading claims to take at least $15 million from retail investors in complaints filed September 29
Two sets of companies used WhatsApp chat groups and promises of artificial-intelligence trading to take at least $15 million from retail investors, the Securities and...