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flag U.S. banks and the federal government clash over refunding victims of rising online financial scams.

flag A debate has arisen between U.S. banks and the federal government over online financial scams. flag The government calls for banks to ensure refunds for scam victims, while banks seek more federal action to prevent such scams. flag Nearly one-third of Americans experienced scams last year, with losses averaging $1,600 per person and totaling $10 billion. flag The American Bankers Association urges the government to create a national prevention strategy and update fraud laws.

6 months ago
6 Articles