Local Banks Are on the Front Lines Combatting Fraud, but They Can’t Fight this Battle Alone
In the battle against fraud, we must all come together to fight back and win.
Local bank tellers and managers work hard every day to spot red flags and interrupt fraud in real time, protecting their customers and communities. Collectively, financial institutions identify and stop more than $12 billion in attempted fraud each year. When banks stop scams, they safeguard family savings and preserve community wealth.
Yet the scale and sophistication of scams, especially those targeting older Californians, far exceed what banks can address on their own.
Related Links
Little Hoover Commission
Read the Little Hoover Commission’s report on financial scams in California and recommendations for improving prevention, detection and enforcement.
Local Banks Build and Protect Local Lives.
Real protection for seniors, and the broader economy, will only come when every sector plays its part in keeping Californians safe from fraud.