Signed by the governor in March, the law caps daily transactions at $2,000 for new crypto ATM customers and $10,500 for existing ones. It also requires crypto ATM operators to be licensed, to post notices warning consumers about the fraud risks associated with using the machines and to provide refunds to customers who report an incident of fraud within 30 days after the transaction.
On March 11, Governor Jim Pillen signed Nebraska Legislative Bill 609, the Controllable Electronic Record Fraud Prevention Act, into law. Introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, the bill successfully passed its final reading on March 6.
Nebraska’s cryptocurrency landscape has been evolving, and so have the risks associated with it. The Nebraska Legislature’s proposed Controllable Electronic Record Fraud Prevention Act (Legislative Bill 609), introduced by State Senator Eliot Bostar and endorsed by AARP Nebraska, passed final reading on March 6, and now awaits Governor Pillen’s signature to become law.
Under a new city ordinance in Omaha, individuals or businesses operating or providing access to a cryptocurrency ATM must post a written notice that warns consumers of the potential fraud risks associated with using such machines.
By building trust and forging deep emotional connections, scammers can manipulate their victims into making financial decisions they would not normally consider.
It’s the season of giving, and for those in the spirit, telling the difference between a real charity and a fake one can be a challenge. Legitimate charities make a big push at year-end for last-minute annual donations. Scammers know this and make their own end-of-year push to line their pockets.
AARP Nebraska is pleased to announce Omaha City Council Member Aimee Melton as the recipient of its Community Fraud Fighter Award. This prestigious AARP award represents a select, bi-partisan group of elected officials, law enforcement, and other partners across the country who have made significant efforts to prevent fraud.