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Discontinuation of Pennies

The US Treasury has been instructed to stop producing new pennies. Our supply of pennies is limited and once our current stock is depleted, we will no longer be able to order more. Businesses should start adjusting their cash-handling practices including the need to round up or down transactions, encourage the use of card and electronic payments, and communicate changes with customers. We appreciate your understanding and thank you for your business. Find additional information about the discontinutation of pennies by viewing the Penny Talking Points document from the American Bankers Association.

Scams Targeting Young Adults

According to Pew Research Center, in their article Online Scams and Attacks in America Today, 73% of young adults have experienced online scams. Learn how you can fight back against scammers online with this scam tip sheet from the American Bankers Association.

Practice Safe Checks

With check fraud more than doubling over the past decade, Kansas Treasurer Steven Johnson shares simple,

effective tips to help protect consumers—from using permanent gel pens to switching to digital payments.

CryptoCurrency Fraud

As reported by the FBI, Cryptocurrency fraud losses were up 45% in 2023 which resulted in more than $5.6 billion dollars in losses. See full Report Here.

The American Bankers Association in working in collaboration with the FBI and other federal agencies, released a new infographic warning consumers about the increasing threat of cryptocurrency investment scams.

Family Code Words

Tips for Financial Caregivers

It's important for caregivers to keep careful records. When acting as a financial agent, proper documentation is not only encouraged, but required. Get more tips for financial caregivers from the '@American Bankers Association' Foundation: https://aba.social/3SeDjKk
#SafeBankingForSeniors

#Older Americans Month