She has now turned to Western Mass News for help since her bank seemingly refused to. Despite doing everything she and her family can to get the money back, banks have found a loophole that keeps them off the hook when it comes to most scams, but legislation is currently on the table to change that. For five hours, Madeline was tricked into disclosing private bank information, thinking she was verifying transactions.
Her daughter, Sharon, even sat-in on the call. Why did Bank of America deny the claim? The last place the Slades thought to turn to was our newsroom.
We reached out to Bank of America for comment on December In July , a U. Senator Richard Blumenthal of Connecticut. Led by Blumenthal, subcommittee members pressed on failures to protect consumers from fraud.
House of Representatives, co-authored by Blumenthal and U. Senator Elizabeth Warren of Massachusetts. If passed, it would put more guardrails on the Electronic Fund Transfer Act, which currently does not require banks to reimburse customers tricked by scammers.
Right now, the bill awaits the House Committee on Financial Services. Skip to content. First Alert 4 Investigates. Education News. First Alert Weather Now.
