Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation’s banking system.
The FDIC insures deposits at the nation’s banks and savings associations, 5,856 as of March 31, 2017. It promotes the
safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are
exposed. The FDIC receives no federal tax dollars—insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC’s Public Information Center
(877-275-3342 or 703-562-2200). PR-45-2017
June 12, 2017 Media contact:
Greg Hernandez
(202) 898-6984
ghernandez@fdic.gov
FDIC Consumer News Issues Warning about 10 Scams Targeting Bank Customers
The FDIC often hears from bank customers who believe they may be the victims of financial fraud or thefts. The
Summer 2017 FDIC Consumer News alerts the public to common scams and provides basic tips for protecting
personal information and money. Topics include:
An overview of 10 schemes bank customers need to be aware of, starting with the crime that occurs when
thieves pose as government employees with false claims about needing a payment or valuable information,
such as Social Security or bank account numbers;
Basic defenses to consider in your everyday life, especially when engaging in financial transactions with strangers
through e-mail, over the phone or on the Internet; and
Resources to turn to for more information on how to avoid becoming a victim of financial scams.
Consumers also come to the FDIC for answers to questions about shopping for a mortgage to buy a home, which is likely
to be the biggest single purchase they’ll ever make. The latest FDIC Consumer News helps answer questions on topics
like how to get a good interest rate, the ability to negotiate with a lender, and how seniors may borrow money after owning
a home by taking out a “reverse mortgage.”
Also in this issue is a look at how the FDIC is working with banks, nonprofit organizations and other government
agencies to bring more low- and moderate-income Americans into the financial mainstream by improving access to safe,
secure and affordable banking services.
The Summer 2017 FDIC Consumer News can be read or printed at
www.fdic.gov/consumers/consumer/news/cnsum17, with e-reader and portable audio (MP3) versions forthcoming.
Additionally, in the coming weeks a Spanish-language version will be posted at
www.fdic.gov/quicklinks/spanish.html.
About FDIC Consumer News
The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and information about financial
matters, free of charge. To find current and past issues, visit www.fdic.gov/consumernews, or request paper copies
by contacting the FDIC’s Public Information Center in writing at 3501 North Fairfax Drive, Room E-1002, Arlington,
VA 22226, by emailing publicinfo@fdic.gov, or toll-free at 1-877-275-3342. To receive an email about each new
issue of the quarterly FDIC Consumer News with links to stories, go to www.fdic.gov/about/subscriptions/index.html.
The FDIC encourages financial institutions, government agencies, consumer organizations, educators, the media,
and anyone else to help make the tips and information in FDIC Consumer News widely available. The publication
may be reprinted in whole or in part without permission. Please credit FDIC Consumer News. Organizations also
may link to or mention the FDIC website.
The FDIC insures deposits at the nation’s banks and savings associations, 5,856 as of March 31, 2017. It promotes the
safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are
exposed. The FDIC receives no federal tax dollars—insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC’s Public Information Center
(877-275-3342 or 703-562-2200). PR-45-2017
June 12, 2017 Media contact:
Greg Hernandez
(202) 898-6984
ghernandez@fdic.gov
FDIC Consumer News Issues Warning about 10 Scams Targeting Bank Customers
The FDIC often hears from bank customers who believe they may be the victims of financial fraud or thefts. The
Summer 2017 FDIC Consumer News alerts the public to common scams and provides basic tips for protecting
personal information and money. Topics include:
An overview of 10 schemes bank customers need to be aware of, starting with the crime that occurs when
thieves pose as government employees with false claims about needing a payment or valuable information,
such as Social Security or bank account numbers;
Basic defenses to consider in your everyday life, especially when engaging in financial transactions with strangers
through e-mail, over the phone or on the Internet; and
Resources to turn to for more information on how to avoid becoming a victim of financial scams.
Consumers also come to the FDIC for answers to questions about shopping for a mortgage to buy a home, which is likely
to be the biggest single purchase they’ll ever make. The latest FDIC Consumer News helps answer questions on topics
like how to get a good interest rate, the ability to negotiate with a lender, and how seniors may borrow money after owning
a home by taking out a “reverse mortgage.”
Also in this issue is a look at how the FDIC is working with banks, nonprofit organizations and other government
agencies to bring more low- and moderate-income Americans into the financial mainstream by improving access to safe,
secure and affordable banking services.
The Summer 2017 FDIC Consumer News can be read or printed at
www.fdic.gov/consumers/consumer/news/cnsum17, with e-reader and portable audio (MP3) versions forthcoming.
Additionally, in the coming weeks a Spanish-language version will be posted at
www.fdic.gov/quicklinks/spanish.html.
About FDIC Consumer News
The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and information about financial
matters, free of charge. To find current and past issues, visit www.fdic.gov/consumernews, or request paper copies
by contacting the FDIC’s Public Information Center in writing at 3501 North Fairfax Drive, Room E-1002, Arlington,
VA 22226, by emailing publicinfo@fdic.gov, or toll-free at 1-877-275-3342. To receive an email about each new
issue of the quarterly FDIC Consumer News with links to stories, go to www.fdic.gov/about/subscriptions/index.html.
The FDIC encourages financial institutions, government agencies, consumer organizations, educators, the media,
and anyone else to help make the tips and information in FDIC Consumer News widely available. The publication
may be reprinted in whole or in part without permission. Please credit FDIC Consumer News. Organizations also
may link to or mention the FDIC website.