June 10, 2025

While it will possibly take months and even the rest of the year to see the full shakeout,

With rising consumer expectations, growing competition and ongoing economic uncertainty, banks can no longer rely on outdated, one-size-fits-all overdraft programs or legacy small-dollar loan offerings.

In today’s environment, community banks are battling increasingly sophisticated forms of fraud.

When it comes to fraud, it takes a village. That may be partly because fraudsters continue to get more sophisticated, and fraud’s effect on banking is skyrocketing. According to the Federal Trade Commission, consumers lost upwards of $12.5 billion to fraud in 2024 — a 25% increase year after year.