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Banking News

Bank Returns Funds After Thieves Empty Account of America’s Oldest Living Veteran
29 Oct 2018

Bank Returns Funds After Thieves Empty Account of America’s Oldest Living Veteran

by banksadmin | posted in: Banking News | 0

After a thief stole the identity of the oldest living veteran in the United States and emptied his account, his bank returned his money. According to Volma Overton, the cousin of 112-year-old Richard Overton, Bank of America returned the funds and … Continued

Green Banks: A Banking Alternative for the Cannabis Industry
1 Oct 2018

Green Banks: A Banking Alternative for the Cannabis Industry

by banksadmin | posted in: Banking News, Other Finance | 0

The California Senate passed a bill that would allow state-chartered banks to offer banking services to the state’s legal cannabis industry. If the bill passes the Assembly, it would be a major step in the progress of the cannabis industry, … Continued

“Computer Glitch” That Went Unfixed for 5 Years Caused Hundreds of Bank Customers to Lose Their Homes
10 Sep 2018

“Computer Glitch” That Went Unfixed for 5 Years Caused Hundreds of Bank Customers to Lose Their Homes

by banksadmin | posted in: Banking News | 0

Wells Fargo blames faulty computer software for the foreclosure of hundreds of homes after the bank incorrectly denied them mortgage modifications. The computer error began in April 2010, was fixed in October 2015, and Wells Fargo only admitted it in … Continued

Cops Arrest Bank Robber, Then Discover He’s the Deputy Sheriff
6 Sep 2018

Cops Arrest Bank Robber, Then Discover He’s the Deputy Sheriff

by banksadmin | posted in: Banking News | 0

A Davidson County Sheriff’s Deputy was arrested and charged for robbing F&M Bank on West Main Street in Rockwell, NC. Deputy Jeff Athey calmly walked into the bank without hiding his face from security cameras. He showed a teller his … Continued

Banking Is No Longer a Financial Service: New Treasury Department Rule Gives Huge Tax Break to Banks
30 Aug 2018

Banking Is No Longer a Financial Service: New Treasury Department Rule Gives Huge Tax Break to Banks

by banksadmin | posted in: Banking News | 0

According to the Treasury Department, banking is no longer a “financial service.” With this reclassification, a new Treasury Department proposal hands huge tax breaks to banks. In 2017, the Tax Cuts and Jobs Act stated that financial services companies were … Continued

What If Banks Were Publicly Owned? L.A. Prepares to Vote
29 Aug 2018

What If Banks Were Publicly Owned? L.A. Prepares to Vote

by banksadmin | posted in: Banking News | 0

This November, voters in Los Angeles will decide whether or not to take money out of big banks and into a publicly owned bank. In June, the city council voted unanimously to add the measure to the November ballot. If … Continued

Hack Alert: FBI Warns Banks of “Unlimited” Worldwide ATM Cash-Out Attack
23 Aug 2018

Hack Alert: FBI Warns Banks of “Unlimited” Worldwide ATM Cash-Out Attack

by banksadmin | posted in: Banking News | 0

The FBI has warned of an imminent global cash hack at ATM machines. “The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine cash-out scheme in the coming days, likely associated with … Continued

Facebook Wants to See Your Bank Transactions and Balances
20 Aug 2018

Facebook Wants to See Your Bank Transactions and Balances

by banksadmin | posted in: Banking News | 0

Facebook has asked major U.S. banks to give up detailed financial information about their customers, including card transactions and checking account balances, because the social media giant wants to offer its users new services. Seeking to also be a place … Continued

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Sunday, April 20, 2025

Today is not a bank holiday.

Upcoming Bank Holidays:

  • Memorial Day - Monday, May 26th
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Tip of the Day

April 20, 2025

Adjust Tax Withholding: If you consistently get a big refund or owe money, adjust your W-4 at work. Proper withholding means you get more of your money throughout the year, rather than lending it to the government interest-free.

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