How Regions Bank unwittingly invited a surge in check fraud
The Alabama-based bank loosened its funds availability policy in 2022 as part of an effort to give customers early access to their paychecks. "We opened the door too wide, bad people came rushing in, and we didn't close the door timely enough," Regions' CFO said.
The Alabama-based bank loosened its funds availability policy in 2022 as part of an effort to give customers early access to their paychecks. "We opened the door too wide, bad people came rushing in, and we didn't close the door timely enough," Regions' CFO said.
