It has been stated that the banks are at last going to do something in order to prevent the fraudulent activities that many consumers are subjected to. It is yet unclear as to what steps the banks will take to safeguard consumers but it has been fairly obvious for some time that it should be possible for the banks to intercede and prevent known scammers from practicing by using banks to launder their ill-gotten gains.
An obvious warning signal to any bank should be requests for bank transfers from consumers who hold credit or debit cards. Also many banks must know many scammers via applications for refunds from consumer complaints.
An obvious warning signal to any bank should be requests for bank transfers from consumers who hold credit or debit cards. Also many banks must know many scammers via applications for refunds from consumer complaints.
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