ABA: How to Stop Elder Financial Abuse Before It Starts
ABA Foundation Commemorates World Elder Abuse Awareness Day with Financial Tips WASHINGTON — In recognition of World Elder Abuse Awareness Day on June 15, the American Bankers Association’s Foundation is working to combat financial abuse of older Americans. A recent study estimated older adults lose $2.9 billion each year to fraud. “Americans 50 years and older control…
ABA: 6 Questions Millennials Should Consider During American Housing Month
WASHINGTON — Millennials looking to make their next housing move face a tough decision – to rent as prices continue to soar but with the flexibility to come and go, or to commit to the world of homeownership and all of its demands while interest rates are near historic lows. In recognition of American Housing…
ABA: 7 Ways to Avoid Online Fraud
WASHINGTON — Internet fraud continues to be a growing problem in the U.S. According to the FBI’s Internet Crime Complaint Center, in 2014, the agency received approximately 270,000 complaints from consumers who were exposed to online fraud — up from nearly 263,000 in 2013. In recognition of Internet Safety Month in June, the American Bankers Association is…
ABA: 6 Financial Traps New College Graduates Should Avoid
WASHINGTON — As college seniors across the nation graduate and start their careers, their financial lifestyle should be top of mind, says the American Bankers Association. ABA has highlighted six traps new college graduates should avoid to fortify their finances as they transition from the dorm to the office. “Now is the time for college…
ABA: The Grandparent Scam – What You Need To Know
May is ‘Older Americans Month’ WASHINGTON — Every year thousands of seniors fall victim to impersonation scams. According to the Federal Trade Commission, between 2012 and 2014, consumers reported more than $42 million in losses from scams involving the impersonation of family members and friends. These scams, commonly known as the “grandparent scam,” is a…
ABA: Foundation Community Commitment Awards Call for Entries
Deadline for entries is July 1 WASHINGTON — The American Bankers Association’s Foundation is requesting submissions for its annual Community Commitment Awards to recognize banks’ essential involvement in their communities. The awards will honor innovative, high impact contributions banks make to the customers and communities they serve. The entry period will extend to July 1. “Receiving a…
ABA: Bankers Celebrate 20 Years Teaching Children to Save on April 29
Estimated 450,000 children will be reached in 2016 through Teach Children to Save WASHINGTON — More than 13,000 bankers will host financial education events across the country this week in celebration of the 20th annual Teach Children to Save Day on April 29. Since 1997, Teach Children to Save and the ABA Foundation’s financial education initiatives have…
ABA: 8 Banking Tips Millennials Need to Know
WASHINGTON — As millennials juggle a multitude of responsibilities — from school, to work, to planning for major life events — the American Bankers Association is highlighting eight banking tips to help them secure a financially sound future. “Millennials are digital natives who understand the importance of staying connected socially, but staying connected to their bank can…