Browsing: fraud

A selection of Louis Vuitton handbags is neatly arranged on a shelf inside a luxury boutique in Bari, Italy, on July 2, 2025. (Photo by Matteo…

TransUnion is launching a new app set to help realtors confirm property ownership to prevent fraud, conduct personal safety checks and drive more effective prospecting.Processing ContentTruLookup…

One of the targets of the Federal Housing Finance Agency’s mortgage fraud probes is dropping his lawsuit against the regulator and its leader.Processing ContentRep. Eric Swalwell,…

Piermont Bank in New York City has created a new executive role focused on payments and it’s hired Dennis Day to lead the development of its…

Visualization created with AI assistance based on original reporting. Processing ContentKey insight: Data minimization risks making consumers less safe.Supporting data: When core identity data is removed…

Key insight: Preferred Bank has moved a $115 million block of loans, which are backed by multifamily and commercial real estate properties, to nonaccrual status.What’s at…

The founders of Fortress Real Developments have been sentenced to five years in prison following their conviction in one of Ontario’s most high-profile syndicated mortgage investment…

Key insight: Dechanta Benning established a shell company and used mobile deposit technology to cash stolen checks, a methodology becoming standard for fraudsters.Supporting data: The American…

Supporting data: Sathawane is liable for $4.3 million in restitution to 12 specific individuals, with single-person losses ranging from $50,000 to over $1.2 million.Key insight: The…

Key insight: Beyond courier scams, banks are battling “card cracking” schemes where fraudsters solicit credentials from young users on social media to deposit worthless checks.Expert quote:…