NY AG Schniederman wants banks to restrict what tellers see about you

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June 8, 2015- By Steven E. Greer

I have told the CEO of one of my banks and many other bank managers over the years that it is appalling to have clients’ social security number visible to any rank and file bank employee paid minimum wage. Now, New York’s Attorney General Eric Schneiderman agrees.

The WSJ reports, “New York Attorney General Eric Schneiderman is urging big banks, such as J.P. Morgan Chase & Co., Bank of America Corp. and Wells Fargo & Co., to rein in their tellers’ access to some customer data and take other steps to detect potential misbehavior, according to a letter he sent to the banks Friday.

Mr. Schneiderman’s office continues to investigate numerous instances of tellers accused of stealing customer data and money, a person familiar with the matter said. While teller-fraud cases often get overlooked because of the small dollar amounts involved, Mr. Schneiderman and his investigators believe there are hundreds of examples going on across the country, the person familiar with the investigations said.”

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