Federal Reserve Targets Fraud

Federal Reserve targets fraud

Federal agencies took aim at payments fraud Monday, proposing more collaboration, including with states, to combat the rising problem, especially with respect to paper checks.

US Bank Regulators Launch Effort to Combat Surge in Check Fraud

US bank regulators are looking at ways to help consumers and lenders lower the risk of check fraud, which has surged in recent years.

Lawmakers Zero In on Check Fraud Crisis

Regulators and lawmakers are taking a fresh look at payments fraud, and as a result, federal action may be brought to bear on the growing challenge of check fraud. [contact-form-7] On Monday (June 16), a trio of regulators, including the Federal Reserve, the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp., issued a request for public comment on fraud, with an emphasis on check theft and scams. The notice, p…

Regulators exploring policy changes to combat check fraud

The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued a request for information on a range of payments-related fraud trends in order to develop policy solutions to the rising instances of check fraud.