Summary: On this special holiday episode of the ABA Banking Journal Podcast, Colleen Tressler of the Federal Trade Commission and Corey Carlisle of the ABA Foundation explore the dark side of Valentine's Day: online romance scams. These scams accounted for $220 million in fraud in 2016. Reports of online dating scams to the FBI have tripled since 2012. Tressler and Carlisle share common red flags for the scams and provide tips and resources that banks can use to educate customers about these scams.
