OCC Issues Warning About Fraudulent Correspondence

The OCC today warned bank CEOs and examiners of three different variations of fictitious correspondence currently in circulation, claiming to come from the OCC or other government entities. The fraudulent messages claim that the OCC is involved in holding funds until personal identifying information is provided.

The OCC reiterated that it does not participate in funds transfers for, or on behalf of individuals, business enterprises or governmental entities, and urged consumers to contact the agency directly to verify the legitimacy of any correspondence prior to releasing any personal information.

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About Author

Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and editorial director at the American Bankers Association, where she oversees ABA Daily Newsbytes.