Quick-Thinking Banker and Police Chief Thwart a Major Scam in Glen Rock
the staff of the Ridgewood blog
Glen Rock NJ, in a remarkable act of community partnership, a bank manager in Glen Rock, New Jersey, flagged down the town’s police chief to stop a resident from falling victim to a costly financial scam. This incident serves as a powerful reminder of how a simple act of awareness can prevent a devastating loss.
Ridgewood NJ, The Net Zero Banking Alliance (NZBA) was established to bring banks together in a collective commitment to align their financial activities with achieving net zero greenhouse gas emissions by 2050. Despite its ambitious goals and the backing of global financial institutions, the alliance is now facing a significant challenge: a mass departure of major American banks.
Ridgewood NJ, Residents living in the area of N. Maple and Franklin Avenues in Ridgewood were shocked to learn that Village officials had authorized a roof replacement project to take place this past Sunday. By ordinance, use of power tools by contractors is not permitted on Sundays.
Ridgewood NJ, a widespread glitch with Bank of America’s mobile and online services left thousands of customers unable to access their accounts or view their balances on Wednesday. The issue, which began in the morning, affected over 20,000 users nationwide before the company resolved the problem by the evening, according to both company officials and the outage-monitoring website, Downdetector.
Ridgewood NJ, despite signs of a slowing economy, several major companies with a strong presence in New Jersey are ramping up hiring and increasing wages ahead of the holiday shopping season. In recent weeks, four prominent businesses have announced wage hikes or hiring sprees, signaling optimism even as the national unemployment rate rises and inflation remains a concern.
Ridgewood NJ, Bank of America data reveals that Boomers and Traditionalists are currently the only age groups increasing their consumption, making the sectors they invest in attractive to investors. In contrast, Millennials are tightening their spending due to economic challenges, and this divergence in consumption patterns has implications for different segments of the consumer sector.
Glen Rock NJ, Glen Rock Police Chief Dean Ackermann confirmed Thursday. that a bullet was fired through the fourth-floor window of an office building overlooking Route 208 in Glen Rock.
Washington DC, the Consumer Financial Protection Bureau (CFPB) fined Bank of America $100 million for botching the disbursement of state unemployment benefits at the height of the pandemic. Bank of America automatically and unlawfully froze people’s accounts with a faulty fraud detection program, and then gave them little recourse when there was, in fact, no fraud. Today’s order requires Bank of America to undertake a process that is estimated to result in hundreds of millions of dollars in redress to consumers. In a separate order, the Office of the Comptroller of the Currency (OCC) is also fining the bank $125 million.
Jersey City NJ, Bank of America and New Jersey City University (NJCU) have announced a historic partnership whereby the company will invest $560,000 in the NJCU School of Business and its Career Services Center. This unique grant is the largest single corporate gift and most significant investment in career development in NJCU’s history. The investment is in the form of a four-year grant that will address racial, ethnic, and income inequality and help students of color successfully complete the education and training necessary to enter the workforce and embark on a path to success.
Westwood NJ, according to Bank of America , on 11/20/2020, the financial center at 1 Westwood Avenue, Westwood, NJ is closing in an email the bank said ,
We’re sorry for the inconvenience this closing causes. Keep in mind, your account remains the same, and there are other ways to continue banking with us.
Ridgewood NJ, since the first of the year Bank of America has instituted a series of new policies . One that is particularly disruptive is that you are no longer able to deposit cash in someone else’s account . Those of you with older relatives understand the issue .The old folks sometimes need a little extra cash for issues that arise .
According to a bank representative the bank has been inundated with money laundering and fraud . Many even point to the cryptocurrency movement and Bitcoin as the culprit .
Its funny because several years ago the “coin boy” in Ridgewood toted out of Village Hall over 50 lbs a day worth of quarters and cashed them in at local banks and no one knows anything . So the “coin boy ” could effectively steal close to $1million dollars , yet the writer of this article can not put $500 bucks into his elderly mothers account . The irony was not lost on the bank representative .
So yesterday , I had a day off and “mom” hit me up for $600 , I had to take her with me in the car , there was a line at the ATM machine ,that took 25 minutes and then with only one car in front of us on the drive thru line it took another 45 minutes . By the time I got her home it was a little after 1pm and we had left at 10am . Yuup you herd me 3 hours to make a deposit .
While many curse the creep of Economic totalitarianism , for others its is inching forward at a slow enough rate that people aren’t noticing it.
In the 1960s, you could carry whatever money you wanted in cash on planes, buy houses and cars with cash, or deposit it with no worries.
In the 1970s, $10,000 (then worth $62,000+ in today’s dollars) became the number. Inflation made that number worth less and less without the government needing to change the law.
The US government now requires banks to report transactions as small as $1000 to $2000 if they are “suspicious.”
Then you look at cash seizures. It used to be that cash was only seized from big time criminals. Now half of seizures in Washington D.C. are less than $150. People are getting pulled over and the police will seize $20.
Now Bank of America and Chase need to see ID to process $50 cash deposits.
Imagine 10 years from now. I wouldn’t be surprised if cash is banned entirely in at least one country.
Ridgewood and Wyckoff Police Intercept Fraud Suspect at Bank of America
February 18,2016
the staff of the Ridgewood blog
Ridgewood NJ, Ridgewood Police report that on Thursday February 11th patrol responded to Bank of America on North Maple Ave for the report of a suspicious person who fit the description of a person who attempted a fraud at the Wyckoff Bank of America branch earlier in the day.
Patrol identified the person as Ajee Jones 21 of Newark and confirmed she was at the Wyckoff branch earlier in the day. Wyckoff police had issued a complaint for her and requested Ridgewood take her into custody. Prior to transporting her to Wyckoff Officer Knapp discovered she was in possession of a stun gun. Ms. Jones was charged with unlawful possession of a weapon and turned over to the Wyckoff police department. All defendants are considered innocent until found guilty in a court of law
Fed orders Bank of America to revise dividend, buyback plans
MARCH 11, 2015 LAST UPDATED: WEDNESDAY, MARCH 11, 2015, 4:38 PM
THE ASSOCIATED PRESS |
WIRE SERVICE
WASHINGTON – The Federal Reserve is ordering Bank of America to revise its plans for increasing dividends or buying back stock, saying there are gaps in its risk planning.
The Fed announced the decision Wednesday as part of its “stress tests” – an annual check-up of the nation’s biggest financial institutions. This year, 31 banks were tested to determine if they have large enough capital buffers to keep lending through another financial crisis and severe economic downturn.
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