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Home Compliance and Risk

ABA Fraudcast: Taking the fraud prevention message directly to lawmakers

'Banks cannot fight this battle alone. Other stakeholders must step up.'

October 1, 2025
Reading Time: 2 mins read
ABA Fraudcast: Taking the fraud prevention message directly to lawmakers

ABA photo by Rebecca Dillon.

Big problems require big ideas. How about establishing a White House office of fraud and scam prevention? Or closing loopholes so telecoms stop spoof calls and texts? And ensuring social media companies quickly take down impersonation accounts? On this edition of the ABA Fraudcast, we include Paul Benda’s opening statement addressing these challenges and others, as delivered recently to the House Financial Services Subcommittee on Oversight and Investigations. Then for Fraudcast listeners, Benda offers some additional analysis of the urgency of a coordinated response from lawmakers and law enforcement.

Read Benda’s full opening statement and check out video of the entire hearing here.

Also mentioned: Benda will be speaking at the ABA Financial Crimes Enforcement Conference, Oct. 14-16 in Arlington, Virginia. And ABA just this week launched updated Banks Never Ask That and Practice Safe Checks consumer awareness campaigns.

The ABA Fraudcast will be published every three weeks, on this site and wherever you listen to and subscribe to your favorite podcasts, such as Apple and Spotify. Please subscribe!

ABA offers resources to help banks prevent, identify, measure and report fraud, and to serve and protect consumers and their financial data.​

If the player above is not visible, listen to this episode here.

ABA Fraudcast host:

Paul Benda, EVP, Risk, Fraud and Cybersecurity, ABA

Tags: ABA FraudcastCheck fraudFCCFraudScams
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