House committee advances ABA-backed bills on fair credit liability, check fraud
The House Financial Services Committee advanced legislation that would align Fair Credit Reporting Act liability with other financial consumer protection ...
Tag: Check fraud
Bill would extend time for banks to review suspicious checks, wire transfers
Rep. Young Kim (R-Calif.) has introduced legislation to allow financial institutions to place extended holds on suspicious checks and wire ...
ABA’s TCVS portal officially verifies more than 100k checks
ABA's access point to the Treasury Check Payee Verification System has verified nearly 105,000 checks since it launched in June ...
Neck and neck
Banks’ anti-fraud measures seek to keep pace with fraudsters’ innovations.
ABA Fraudcast: How AI is supercharging identity fraud
The push for international collaboration, more education and tools such as passkeys to reduce phishing risks.
ABA opens fraud contact directory to international banks
ABA announced that its widely used Fraud Contact Directory is now open to international banks, marking a significant expansion of ...
ABA, CBA offer plan for Fed to wind down paper check services
The Federal Reserve should adopt a long-term approach to phasing out its check services by encouraging electronic payment alternatives, and ...
Fed seeks public input on potential changes to its check services
The Federal Reserve is seeking public input on potential changes to the check services it provides to banks and credit ...
Fraud Watch: Verifying Treasury checks before they’re cashed
With ABA’s every-increasing anti-fraud resources bankers can save their banks and their customers a lot of money.
ABA’s Treasury check verification tool allows banks to report counterfeit checks
The new reporting system will allow ABA to collect real-time information on counterfeit Treasury checks.
