News Main Menu News Articles Press Releases Bill Inspired by Navy Federal Member Who Lost $3.6 Million Passes Va. Legislature March 5, 2024 Article, Featured Credit Union Times A bill, driven in part after a former elderly member of the $170 billion Navy Federal Credit Union who lost more than $3.6 million in an international scam, was passed... Virginia General Assembly passes law to strengthen reporting of elder financial exploitation March 1, 2024 Article, Featured NBC 4 The Virginia General Assembly passed a measure to encourage banks to do more to spot, prevent and report the financial exploitation of elderly and vulnerable adults. Del. Michelle Maldonado, D-Manassas,... Va. Lawmakers Strengthen Banking Safeguards to Protect Seniors From Financial Exploitation March 1, 2024 Article Law.com The bill specifies that no financial institution staff member who receives the training will be liable in any civil or administrative proceeding for disclosing the suspected financial exploitation of an... Elder Fraud Prevention Advocate Janine Williamson Applauds Passage of HB 692 by Virginia General Assembly February 26, 2024 Featured, Press Release The Virginia General Assembly passed House Bill 692 last week. The measure lays the groundwork for financial institutions to train their employees in how to identify potential financial exploitation of... Plaintiff Appeals Dismissal of Negligence Lawsuit Against Navy Federal Credit Union, Wells Fargo After $3.6 Million of Elderly Veteran’s Savings Allegedly Sent to Scam Artists January 22, 2024 Featured, Press Release A Washington state woman has filed an appeal with the U.S. Court of Appeals for the Fourth Circuit regarding her $3.6 million negligence lawsuit against Wells Fargo and Navy Federal... Court Moves Navy Federal & Wells Fargo $3.6 Million Lawsuit to Mediation November 16, 2023 Article, Featured Credit Union Times A federal mediator for the U.S. Court of Appeals for the Fourth Circuit in Virginia is exploring any potential opportunities to settle a lawsuit involving Navy Federal Credit Union and... Thailand freezes 678 bank accounts in action against online scams November 8, 2023 Article iTnews Asia Thailand has frozen 678 bank accounts in six days as part of an action against scammers through its Anti-Online Scam Operation Centre (AOC), launched recently by the Thailand Ministry of... Negligence Lawsuit Against Navy Federal, Wells Fargo Moves to Mediation after $3.6 Million of Elderly Veteran’s Savings Allegedly Sent to Scam Artists November 6, 2023 Featured, Press Release A Washington state woman's $3.6 million negligence lawsuit against Wells Fargo and Navy Federal Credit Union has moved to federally mandated mediation in the U.S. Court of Appeals for the... 2024 banking and capital markets outlook October 5, 2023 Article Deloitte Center for Financial Services Banks' strategic choices will be tested as they contend with multiple fundamental challenges to their business models. They must demonstrate conviction and agility to thrive.... Family sues banks for negligence after man falls victim to phishing September 14, 2023 Article, Featured NewsNation A Washington state family is suing Navy Federal Credit Union and Wells Fargo after a veteran lost millions of dollars in a wire fraud scheme. Retired Navy submarine commander Larry... Man kills wife and sons before trying to take his own life after falling prey to online scam in Thailand August 30, 2023 Article NBC Bay Area At least 11 people are suspected to be involved with a loan scam that allegedly drove a man to kill his wife and two young boys before trying to take... ‘Significant Guidepost in Bank Litigation’: Va. Appeals Court Rules Credit Union Not Liable for Scam Wire Transfers August 16, 2023 Article Law.com "We decline to extend a duty to mandate the reporting of elder abuse or to mandate an action by a financial institution when elder abuse is suspected where the plain... < Previous Page1 … Page4 Page5 Page6 Page7 Page8 Next >
