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Banking

How To Avoid Lottery, Prize Scams: You Didn’t Enter, But You 'Won'? How To Avoid Lottery, Prize Scams: You Didn’t Enter, But You 'Won'?
How To Avoid Lottery, Prize Scams: You Didn’t Enter, But You 'Won'? A surprise message says you hit the jackpot, but there’s a catch: you must pay a fee or hand over personal details to claim it.  That’s the hallmark of a lottery or prize scam—designed to separate you from your money and identity. These schemes often arrive by email, text, phone, or mail and lean on pressure tactics to force quick decisions.  Scammers frequently demand “taxes,” “processing,” or “shipping” upfront, or ask for sensitive data to “verify” you.  Legitimate lotteries do not require payment to release a prize, and you should never be asked for your Social Security…
Scammers Using Texts To Steal Bank Account Info: What To Know Scammers Using Texts To Steal Bank Account Info: What To Know
Scammers Using Texts To Steal Bank Account Info: What To Know It might look like a message from your bank. It might even sound urgent. But experts warn those texts could be nothing more than a scam designed to steal your money or personal information. Known as “smishing,” these fraudulent texts impersonate banks to trick people into handing over account details.  The scam often follows a pattern: a fake alert about a locked account or suspicious charge, followed by a link to a convincing but fraudulent website.  Entering information there can hand scammers access to your accounts, or worse, install malware on your phone. Your bank will nev…
Don’t Cash In: Unsolicited Checks Could Cost You Big Don’t Cash In: Unsolicited Checks Could Cost You Big
Don’t Cash In: Unsolicited Checks Could Cost You Big Receiving a check in the mail might seem like a stroke of luck, but experts warn it could be the start of a costly scam.  Authorities are alerting consumers about a surge in unsolicited check fraud schemes targeting people across the US. How The Scam Works Unsolicited check fraud typically begins when you receive a check from someone you don’t know.  The scammer may contact you about a job, a prize, or even as an overpayment for something you’re selling online.  The check looks genuine, and when you deposit it, the funds may appear in your account almost immediately. But …
Zelle Left Users Open To $1B In Scams, NY AG Says Zelle Left Users Open To $1B In Scams, NY AG Says
Zelle Left Users Open To $1B In Scams, NY AG Says The operator of Zelle is accused of designing the popular payment app without basic safeguards, allowing scammers to steal more than $1 billion from users. A lawsuit filed against Early Warning Services, LLC (EWS) by New York Attorney General Letitia James’ office Wednesday, Aug. 13, alleges the company failed to protect users from scams. EWS operates Zelle and is owned by a consortium of some of the country’s largest banks, including JPMorgan Chase, Bank of America, Capital One, and Wells Fargo. According to the complaint, EWS launched Zelle in 2017 without critical safeguards, making it …
Electrolyte Imbalance Kills Dad Of 3 After Grueling 'Everesting' Challenge Electrolyte Imbalance Kills Dad Of 3 After Grueling 'Everesting' Challenge
Electrolyte Imbalance Kills Dad Of 3 After Grueling 'Everesting' Challenge A 43-year-old Connecticut husband and father of three has died after participating in a grueling endurance event in Wyoming called “Everesting.” Slava Leykind, of Westport, suffered an electrolyte imbalance that caused cardiac arrest on July 2. He had been competing in the 29029 Everesting event, where endurance athletes climb a 1,500-foot mountain trail repeatedly until they've ascended a collective 29,032 feet, the height of Mount Everest, according to the Jackson Hole News & Guide. Leykind began climbing at 6 a.m. on the event’s second day. After five and a half hours and six tr…
J.P. Morgan Opening Luxury Banks To Attract Wealthy Clients: Look Inside (PHOTOS) J.P. Morgan Opening Luxury Banks To Attract Wealthy Clients: Look Inside (PHOTOS)
J.P. Morgan Opening Luxury Banks To Attract Wealthy Clients: Look Inside (Photos) JPMorganChase is catering to wealthier clients with more than a dozen high-end financial centers, including some in the Northeast. The banking giant will open 14 new J.P. Morgan Financial Centers throughout the last week of May, according to a news release on Tuesday, May 27. The luxury banks will be in Massachusetts, New York, California, and Florida. JPMorgan opened two locations in 2024 and plans to reach a total of 31 by the end of 2026. "Through these financial centers, we are redefining how affluent clients are served, offering a highly personalized level of service that is back…
Capital One's $35B Merger With Discover Approved: Here's What Customers Should Know Capital One's $35B Merger With Discover Approved: Here's What Customers Should Know
Capital One's $35B Merger With Discover Approved: Here's What Customers Should Know Capital One's $35.3 billion acquisition of Discover received its final approval, clearing the way for a megamerger that reshapes the credit card and payments industry. The Federal Reserve's board approved the deal on Friday, April 18. The merger brings together two of the country's top credit card issuers, giving Capital One control of Discover's global payments network of 70 million merchant locations in more than 200 countries. The acquisition – first announced in February 2024 – is expected to close Sunday, May 18, the companies said in a joint news release. "This is an exciting mo…
Hundreds Of NJ Workers To Be Laid Off From These Major Corporations This Year Hundreds Of NJ Workers To Be Laid Off From These Major Corporations This Year
Hundreds Of NJ Workers To Be Laid Off From These Major Corporations This Year Hundreds of New Jersey workers will be out of a job this year as several major companies slash their workforces, according to state WARN (Worker Adjustment and Retraining Notification) filings. From retail giants to pharmaceutical leaders, the layoffs span multiple sectors and impact communities across the state. Here’s what’s coming: Walmart – Hoboken Effective date: June 13, 2025 Employees impacted: 481 The notice was posted in February. Bristol Myers Squibb – Lawrence Township Effective dates: May 22, June 6, June 20, and Aug. 1, 2025 Employees impacted: 223 Layoffs at the pharmaceu…
CFPB Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog CFPB Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog
Cfpb Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog The Consumer Financial Protection Bureau has dropped a lawsuit against Capital One as concerns grow about the federal agency's future. The CFPB will no longer pursue legal action against Capital One, according to a court filing on Thursday, Feb. 27. The case, filed in January, claimed the banking giant misled customers and withheld more than $2 billion in interest payments. The company based in McLean, Virginia, supported the dismissal. "We welcome the CFPB's decision to dismiss this action, which we strongly disputed," a Capital One spokesperson said in a statement to the Daily Voice…
NJ Man Charged In $44K Bad Check Scheme, Prosecutor Says NJ Man Charged In $44K Bad Check Scheme, Prosecutor Says
NJ Man Charged In $44K Bad Check Scheme, Prosecutor Says A 33-year-old Long Branch man previously accused in a $300,000 scam has been charged with stealing more than $44,000 from a local bank branch using a fraudulent check scheme, Monmouth County Prosecutor Raymond S. Santiago announced Wednesday, Feb. 26. Jacob Gindi is facing third-degree bad checks and third-degree theft by deception charges following an investigation by the Monmouth County Prosecutor’s Office (MCPO) Financial Crimes and Special Prosecutions Unit, Santiago said. The case began when Deal Police received a report in December 2024 of suspected fraudulent activity at a bank branc…
Capital One Kept $2B In Savings Account Interest From Banking Customers, CFPB Suit Says Capital One Kept $2B In Savings Account Interest From Banking Customers, CFPB Suit Says
Capital One Kept $2B In Savings Account Interest From Banking Customers, Cfpb Suit Says The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 billion in interest payments on savings accounts. The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Capital One and its parent company, the agency said in a news release on Tuesday, Jan. 14. The CFPB accused Capital One of marketing its "360 Savings" accounts as offering some of the nation's highest interest rates but froze those rates while competitors' rates climbed. Simultaneously, the bank introduced a nearly identical product, "360 …
Jersey Shore Salesman Used Client's Credit Card In $200K+ Scheme, Prosecutors Say Jersey Shore Salesman Used Client's Credit Card In $200K+ Scheme, Prosecutors Say
Jersey Shore Salesman Used Client's Credit Card In $200K+ Scheme, Prosecutors Say A Manasquan man was accused of using a former business client’s credit card to buy and resell items in a more than $200,000 scheme, authorities said. Adam Kleinwaks, 55, was charged with second-degree money laundering and theft by unlawful taking, Monmouth County Prosecutor Raymond Santiago said in a news release on Wednesday, Sept. 4. Kleinwaks is a sales representative for Standard Printing Company, according to its website. Investigators said Kleinwaks purchased more than $130,000 of items with a former client's credit card. He then removed labels from "recr…
Mass Global Tech Outage Grounds Flights, Causes Chaos With Banks, Stock Markets, Media Mass Global Tech Outage Grounds Flights, Causes Chaos With Banks, Stock Markets, Media
Mass Global Tech Outage Grounds Flights, Causes Chaos With Banks, Stock Markets, Media A major tech outage is causing issues worldwide, including grounding flights. Banks, stock markets, and media outlets are also being affected on Friday morning, July 19. An update by cybersecurity technology company CrowdStrike appears to be the cause of device outages for millions of Microsoft Windows device users. Several major US air carriers, including Delta, United, and Spirit are under a full ground stop, according to the FAA. "Several airlines have requested FAA assistance with ground stops until the issue is resolved," the agency said. Microsoft has said it is taking "mitigation …