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| Home > Banking
> Consumer Protection |
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| Frauds and Scams |
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| Criminals sometimes invoke the name
of the Federal Reserve to deceive the public. The Federal Reserve
Bank of New York, in conjunction with law enforcement authorities,
investigates complaints of fraud using its name. |
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| Beware of solicitations promising consumers access to personal loans through a nonexistent Federal Reserve lending program. Under this fraudulent scheme, targeted individuals are told that that they can work through a broker to access a Federal Reserve program that extends sizable secured loans to consumers.
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Scams Involving the
Federal Reserve Name
Provides details of ongoing scams that invoke the Federal
Reserve name. |
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Warnings from Other
Authorities
Gives an overview of scam alerts from other sources. |
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FRBNY Hotline
The FRBNY Hotline has been established for the purpose of reporting unethical or illegal behaviors, including violations of applicable laws or regulations, questionable accounting, operational controls and auditing matters. You are encouraged to provide adequate information to assist with further investigation. The information you provide the vendor will be treated confidentially. If you do choose to leave your identity, we will do everything in our power to investigate the matter without violating your privacy.
You can submit your report either of these two ways:
Once you click on the link, you will be directed to the third party vendor site selected to manage these reports. Your report will be confidential and your identity can remain anonymous. Laws protect you against retaliation.The Hotline features 24/7 access to a live representative.
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TALF Fraud Hotline
This hotline has been established for the purpose of reporting instances of fraud associated with the Term Asset-Backed Securities Loan Facility (TALF). If you are aware of fraud, or misrepresentations affiliated with the TALF, please contact the TALF Hotline.
What kinds of things should you report?
- Allegations of fraud, waste, abuse, mismanagement, false claims and misrepresentations affiliated with the TALF.
- Any activities that might impact the integrity of the TALF including, but not limited to, allegations of fraud or misconduct by Federal Reserve Bank employees and/or entities receiving TALF funds.
- Actions by persons or entities attempting to misrepresent their association with TALF by utilizing deceptive contracts or financial instruments; including, allegations of identity theft or misrepresentations.
NOTE: The confidentiality of your contact information is assured when received via the TALF Hotline. Laws protect you against retaliation.
You can submit your complaint via these methods:
Once you go to the link, you will enter the third party vendor site selected to manage these reports. Your report will be confidential and your identity can remain anonymous, if you choose.
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Board Releases Tips
to Help Protect Consumers from Foreclosure Scams
Circular No. 12076, March 5, 2009 |
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