Banking Fraud: What's Your Recourse and Who Protects You?
Anyone, even the most careful of us, could fall victim to banking fraud; whether it be from outside hackers, scammers or perhaps by one's bank through unsafe or unsound practices. We zero in on some very serious cases on this week's Secret War on Cash, cases that could happen at any bank. Sometimes, banks will take care of situations, reimburse their clients and keep a closer eye on potential breaches. Other times, however, the bank will freeze out a client with unwarranted suspicion of fraud. We also have seen banks being forced to cough up money in fines and to clients thanks to their own unsavory methods. As we discuss these nightmare situations, the real question is: What is your recourse should you find yourself a victim of banking fraud and who protects you from it?
Swiss America CEO Dean Heskin and Chris Agelastos five deeply into what's happening and answer the questions on The Secret War on Cash.
Thank you for listening.
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