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CFPB Drops Lawsuit Against Banks Over Zelle Scams
A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally and factually flawed.”The New York Times - 1d -
CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud
Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by his predecessor, Rohit Chopra.CNBC - 1d -
The Cryptocurrency Scam That Turned a Small Town Against Itself
How did a successful, financially sophisticated banker gamble his community’s money away?The New York Times - Feb. 19 -
Why Scam Centers in Southeast Asia Keep Flourishing
A China-led crackdown on online fraud rescued thousands from Myanmar this month. But this massive business of grift keeps growing.The New York Times - 6d -
Banking’s critical functions are vanishing into the cloud
It’s 9pm — do you know where your data is? *Financial Times - 2d -
Las Vegas woman accused of defrauding older men in deadly romance scam
Aurora Phelps was indicted in Nevada over a series of romance scams that allegedly led to at least two deaths and one disappearance in Mexico.CBS News - Feb. 23 -
FBI searching for more alleged victims in deadly romance scam
The FBI is looking for more alleged victims of a Las Vegas woman they say was involved in a deadly romance scam. The suspect is accused of defrauding older men and causing the death of at least one ...CBS News - Feb. 24 -
Woman drugged, defrauded elderly men in romance scam, officials allege
Aurora Phelps is being accused of drugging several elderly men and stealing their financial information, according to court records. The woman is being linked to at least two deaths and one ...CBS News - Feb. 24 -
Woman pays $6,000 for fake Picasso in pop-up auction scam
Signs luring customers to pop-up auctions with the possibility of getting fancy cars and fine jewelry at bargain prices have been showing up across the U.S., but the goods aren't always what they ...CBS News - Feb. 24 -
How pop-up auctions scam people with phony goods
One auction attendee spent $6,000 on what was supposed to be an "authenticated" Picasso. It was actually a reproduction worth about $70.CBS News - Feb. 24 -
‘OpenAI’ Job Scam Targeted International Workers Through Telegram
An alleged job scam, led by “Aiden” from “OpenAI,” recruited workers in Bangladesh for months before disappearing overnight, according to FTC complaints obtained by WIRED.Wired - Feb. 25 -
To fight scams, Senate bill would limit transactions at crypto ATMs
The Crypto ATM Fraud Prevention Act proposed by Sen. Dick Durbin would prevent new users from spending more than $2,000 in a day at a bitcoin ATM.NBC News - Feb. 25 -
Electric Shocks and Tied Crucifixion-Style: The Life of a Scam-Mill Worker
Tens of thousands of people from dozens of nations have been trafficked to cyberfraud hubs in Myanmar, where they must con victims or endure brutal punishment.The New York Times - 6d -
84 Indonesians taken out of scam centers in Myanmar are set to go home
Eighty-four Indonesians freed rom scam centers in Myanmar arrived at the Thai border city of Mae Sot earlier on Thursday, part of an ongoing large scale repatriation effort following a crackdown by ...ABC News - 6d -
$21M stolen from hundreds of U.S. retirees in 'grandparent scam,' prosecutors say
Twenty-five Canadian suspects are charged with bilking American elders of $21 million as part of a "grandparent scam," according to a federal indictment unsealed Tuesday.NBC News - 22h -
Can UK banks stay the course on their climate pledges?
Lenders warn that slow government action may force a rethinkFinancial Times - Feb. 24 -
Bank accounts for $20B climate program frozen
Click for more from The Hill. {beacon} Energy & Environment Energy & Environment The Big Story Bank accounts for $20B climate program frozen The bank accounts of nonprofits administering a $20 ...The Hill - Feb. 24 -
Banks leads UNC Asheville against Presbyterian
UNC Asheville hosts the Presbyterian Blue Hose after Josh Banks scored 30 points in UNC Asheville's 87-82 victory against the Longwood LancersABC News - Feb. 25 -
The World Bank Pivoted to Climate. That Now May Be a Problem.
The Trump administration’s deep cuts to clean-energy programs are raising concerns about U.S. commitments to the lender.The New York Times - Feb. 25 -
UK banks risk an outbreak of boardroom exuberance
Three cheers for a steady 2024 but this is no time for complacencyFinancial Times - 6d -
HMRC to ditch Barclays as government’s bank in favour of Lloyds
UK tax authority to retain NatWest and Citigroup but drop Barclays from £334mn contractFinancial Times - 3d -
Tens of thousands could be held in illegal scam compounds in Myanmar, Thai police general says
Head of anti-trafficking agency says dozens of Chinese criminal gangs were running the centres. Tens of thousands of people could be living inside illegal scam compounds in Myanmar that have ...The Guardian - Feb. 21 -
Beatings, torture and electric shocks: freed scam compound workers allege horrific abuse
Lured by the promise of well-paying jobs in Southeast Asia, thousands instead allegedly end up enslaved in jail-like compounds and forced to carry out online scams. “The Chinese would shock me with ...The Guardian - Feb. 25 -
'I need help': Thousands stranded after release from Myanmar scam centres
The camps are unsanitary, food barely sufficient, and many of those being held are in poor health.BBC News - Feb. 26 -
Over 7,000 workers from scam centers in Myanmar are awaiting repatriation after a regional crackdown
A new crackdown on online scam centers has led to over 7,000 people from around the world being held in a Myanmar border town awaiting repatriationABC News - 6d -
Over 7,000 workers from scam centers in Myanmar are awaiting repatriation after a regional crackdown
A new crackdown on online scam centers has led to over 7,000 people from around the world being held in a Myanmar border town awaiting repatriations.NBC News - 6d -
'Reverse Robin Hood scam' or windfall for middle class? Lawmakers debate Trump tax plan extensions
Democrats and Republicans are making competing claims about how extending tax cuts from Trump's first term would benefit the rich and poor.CNBC - 2d -
Israel's West Bank crackdown triggers a wave of displacement unseen in decades
Tens of thousands of Palestinians have fled home following recent Israeli military operations across the northern West BankABC News - Feb. 19 -
'We are history.' Hood Historian serves as the memory bank for L.A.
Hood Historian's passion for sharing the history of Southern California through the lens of "a Black dude from the hood" has built a true community.Los Angeles Times - Feb. 19 -
Sen. Elizabeth Warren: DOGE's FDIC firings put banking system at risk
Sen. Elizabeth Warren said she is "pleased" the FDIC will evaluate whether the decision to layoff workers at the agency puts the banking system at risk.CNBC - Feb. 20 -
Four banks fined by UK regulator over gilt information sharing
Citi, HSBC, Morgan Stanley and Royal Bank of Canada agree to pay over £100mnFinancial Times - Feb. 21 -
Israeli tanks are seen moving into Jenin in the occupied West Bank
Israeli tanks are seen moving into Jenin in the occupied West BankABC News - Feb. 23 -
Israel says West Bank operation will last for a year as it sends tanks to Jenin
Continued operation in Palestinian territory will leave 40,000 displaced people unable to return home. Israel has sent tanks to the West Bank city of Jenin, in the first deployment of its kind in ...The Guardian - Feb. 23 -
Expanding West Bank Campaign, Israel Sends Tanks for First Time in Decades
Israel’s defense minister, Israel Katz, said that 40,000 Palestinian residents displaced from militant hotbeds would not be allowed to return to their homes.The New York Times - Feb. 23 -
Alex Rodriguez banks half-court shot to win Bucknell student $10,000
A-Rod went off the glass to win a massive prize for a Bucknell student on Sunday afternoon.Yahoo Sports - Feb. 23 -
Why Tensions Are Rising Over Israel’s Operations in the West Bank
Amid the most intensive Israeli operations in the area in decades, Palestinians fear entrenched displacement and a return to military control in some towns.The New York Times - Feb. 24 -
Bank accounts for $20B climate program frozen amid Trump administration scrutiny
The bank accounts of nonprofits administering a $20 billion climate program have been frozen as the program faces significant scrutiny from the Trump administration. One grant recipient has ...The Hill - Feb. 24 -
Major Asia bank to cut 4,000 roles as AI replaces humans
It makes DBS one of the first major banks to offer details on how AI will affect its operations.BBC News - Feb. 25