- A new scam has become prevalent in recent days involving the U.S. Small Business Administration (SBA). The fraudulent perpetrators recruit individuals through social media or other means and offer a grant or forgivable loan for their participation. Once the perpetrator gathers sufficient information from the victim, they apply for the loan with the SBA. Funds are deposited into the victim’s account, and the victim is directed to pay a significant fee to the perpetrator, often times through a P2P app. In reality, these funds are only available to qualifying small businesses. Unauthorized participation may have ramifications months down the road. A qualifying small business owner does not need assistance from anyone to obtain these funds. If you are contacted by someone offering to assist, we recommend ignoring them. If you believe you have participated in a fraudulent SBA scam, please contact us immediately at 317-558-6000.
- Money Mule Scam: Scammers may try to use you to move stolen money. If you help them, you could be what law enforcement calls a money mule. Read about this scam here and here.
- Mortgage Loans: Credit companies, unaffiliated with FORUM Credit Union, obtain mortgage loan information from public record sources. These companies then send letters to consumers that deceptively appear to come from FORUM. These letters use language such as "IMPORTANT NOTICE, please call regarding information about your loan with FORUM Credit Union." These letters are not associated with FORUM and never include the FORUM logo.
- Consumer Financial Protection Bureau is alerting people of a scam where an imposter claims to be a CFPB employee. Read more here.
- REGULATORS OCC Warns about Unauthorized Bank The OCC yesterday issued a warning about an unauthorized national bank. An entity calling itself Bluegate Industrial Bank USA, N.A., offers a website but no other contact information and appears to be an email address harvesting scam. The OCC warned consumers who have created an account on the fake bank's website to take action to safeguard their identity. Read more here.
- Debit/ATM Cards: Members and non-members are getting text messages stating their ATM card is frozen. Below is an example of the text message.
MSG: C.U. alert Your ATM Card has been frozen Call immediately (Please note the spelling is wrong) Once you call the number there is a recording: "PLEASE ENTER YOUR CARD NUMBER, PEN & EXPIRATION AND SECURITY CODE ON THE BACK."