News

As a bank, we understand the importance of consumer protection and take great measures to ensure our customers are informed and safe. With Consumer Protection Week upon us, we’re taking the time to educate you on your rights and provide helpful tips for staying safe when it comes to your finances.

Consumer Protection Week is an annual event that takes place in March and is designed to raise awareness about consumer rights and encourage individuals to take action to protect themselves. At CorTrust, we believe education is key to empowering you to make informed financial decisions.

One of the most important things you can do to protect yourself is to stay informed about your rights. There are several laws and regulations in place to protect consumers from fraud, scams, and other forms of financial abuse. For example, the Truth in Lending Act requires lenders to disclose the terms and conditions of a loan, including the interest rate and fees, before the borrower agrees to it. The Fair Credit Reporting Act gives consumers the right to access their credit reports and dispute any inaccuracies. And the Electronic Funds Transfer Act provides protections for consumers who use electronic payment methods like debit cards and online bill pay.

In addition to these laws, there are multiple steps you can take to protect yourself from fraud and other financial crimes. Some of these steps include:

• Protect your personal information: Be wary of giving out your personal information, such as your social security number or bank account information, to anyone you don’t know and trust. Avoid sharing this information online or over the phone, and make sure to use secure websites and passwords when accessing financial accounts.
• Monitor your accounts: Regularly review your bank and credit card statements for any unauthorized charges or suspicious activity. If you notice anything unusual, contact us immediately.
• Be aware of scams: Scammers often target individuals through phone calls, emails, and text messages, so it’s important to be cautious when receiving unsolicited communications. Be skeptical of anyone who asks for money or personal information, and never give out sensitive information unless you’re certain it’s legitimate.
• Keep your software up to date: Make sure to install software updates and security patches on your computer and other devices to protect against viruses and malware.

At CorTrust, we take consumer protection very seriously and have implemented a variety of measures to keep our customers safe. We use state-of-the-art security technology to protect customer data and transactions, and we have a team of trained professionals who monitor accounts for suspicious activity.

In addition, we offer resources and educational materials to help our customers stay informed and make smart financial decisions. Our website houses many articles on staying safe online, and our customer service representatives are available to answer questions and provide assistance.

If you have any questions or concerns about consumer protection or any of our banking services, please don’t hesitate to contact us. We’re here to help and are committed to providing our customers with the best possible banking experience.