American Bankers Association

News & Analysis

american bankers association and litigation - All News and Analysis

• American Bankers Association

  - 2007-12-03

  The American Bankers Association's Deposit Account Fraud Survey Report showed attempted check fraud at the nation's banks has more than doubled in the past three years, reaching an estimated $12.2 billion in 2006. While attempted check fraud continued to rise, the increase in actual dollars lost was less dramatic--$969 million...

  Tags: American Bankers Association, fraud, Litigation

• Bankers Go Back to School on National Teach Children to Save Day

  - 2007-04-23

  To: BUSINESS EDITORSContact: Laura Fisher of ABA, +1-202-663-5309, lfisher@aba.com WASHINGTON, April 23 /PRNewswire-USNewswire/ -- Though our culture often says "spend," more than 10,000 bankers across the country will advise kids to save in honor of National Teach Children to Save Day on Tuesday, April 24. "Many kids will leave school...

  Tags: American Bankers Association, bank, banker, Litigation

• American Bankers Association.(BUSINESS NEWS)

  - 2005-03-01

  Attempted check fraud at U.S. banks rose to $5.5 billion in 2003, according to the latest report from the American Bankers Association ABA. The good news is that while attempted fraud continued to rise, actual dollar losses were slightly lower than in 2001, the date of the...

  Tags: American Bankers Association, fraud, Litigation

• Exercise democracy

  - 2005-02-15

  Everyone who attended the American Bankers Association's annual convention last October received a book called "The Future of Freedom," by Newsweek International editor Fareed Zakaria. Now would be a good time to read that book.Zakaria's book is all about democracy, which seems to be in the spotlight these days, especially...

  Tags: American Bankers Association, democracy, Government, Litigation, SOFTWARE

• Check fraud costs industry between $12 billion and $15 billion annually.(the scoop)(Brief Article)

  - 2003-09-01

  "In recent years, open-terms credit fraud has become a tremendous threat to a widening circle of businesses and industries. In fact, it is not uncommon for companies in some industries to experience fraud loss rates equal to 25 percent or more of overall bad debt," says...

  Tags: American Bankers Association, fraud, Litigation, Strategy

• P&C uses fingerprints against fraud

  - 2003-03-28

  SYRACUSE - Penn Traffic, the parent company of P&C, has employed an old technology to combat high-tech check fraud. The grocer recently introduced the CrimeBite check-security system in its 212 stores.CrimeBite uses an inkpad to place a customer's fingerprint on payroll checks the store cashes. In cases of fraud, police...

  Tags: American Bankers Association, bank, FINANCE, fingerprint, fraud, Litigation, payroll

• ABA creates Operating Risk Committee

  - 2003-02-01

  AROUND THE NATION To help bankers reduce losses and comply with new capital requirements established by the International Basel Committee on Banking Supervision, the American Bankers Association ABA has created an Operating Risk Committee. The committee will examine all areas of operational risk, which the Basel Committee defines as "direct...

  Tags: American Bankers Association, bank, Banking, Litigation

• American Bankers Association. (Did You Know That?).(check fraud statistics)(Brief Article)

  - 2003-01-01

  Despite an explosion in attempted check fraud, banks received some heartening news recently from the American Bankers Association: Their fraud prevention systems seem to be working. In 2001, according to an ABA survey, attempted fraud exceeded $4.3 billion; in 1 999, attempted fraud totaled only $2.2...

  Tags: American Bankers Association, fraud, Litigation

• BancorpSouth CEO Becomes Chairman of American Bankers Association.

  - 2002-10-30

  By David Flaum, The Commercial Appeal, Memphis, Tenn. Knight Ridder/Tribune Business News Oct. 30--Corporate governance and legislative issues will occupy much of Aubrey Patterson's attention in his year as chairman of the American Bankers Association. Visiting, traveling, including overseas...

  Tags: American Bankers Association, bank, bankruptcy, chairman, Litigation, Memphis, Patterson

• Rock Bottom

  - 2001-07-01

  DOLLAR SIGNS: BANKRUPTCY REFORM AIMED AT SYSTEM ABUSERS MIGHT MAKE IT IMPOSSIBLE FOR STRUGGLING BUSINESSES TO GET OUT OF THE HOLE. DOES THE BANKRUPTCY REFORM Act of 2001 herald good news? Well, it sounds promising to small-business creditors. And, yes, it seems like recouping money from deadbeat customers will...

  Tags: American Bankers Association, bankruptcy, Litigation