ABA’s Nichols renews call for national strategy on fraud
In his opening remarks for the ABA Washington Summit, President and CEO Rob Nichols renewed the association’s call for a ...
Tag: Fraud
ABA survey: U.S. consumers happy with their bank, applaud fraud protection efforts
Nearly nine in 10 Americans with a bank account (89%) say they are “very satisfied” or “satisfied” with their primary ...
Fraud Watch: Fraudsters use genAI to enhance old scams
Generative AI gives scammers a whole new toolbox. Understanding how these tools work is the first step to knowing how ...
Fed survey: Most fraud losses attributable to debit card, check fraud
A Federal Reserve survey of risk officers at financial institutions found that debit card fraud drove fraud losses at those ...
FS-ISAC issues framework for increasing fraud, cybersecurity team collaboration
FS-ISAC released a report on how financial institutions can strengthen collaboration between their cybersecurity, fraud, financial crime and anti-money laundering ...
ABA banker stresses need for collaboration to fight fraud
Despite the banking industry’s significant effort and investment in fraud prevention tools, bad actors continue to target U.S. consumers, Darrin ...
ABA Foundation releases report on state hold laws to prevent elder financial exploitation
A new report by the ABA Foundation found that more than half of bankers in states with bank transaction “hold” ...
IRS launches new information sharing initiative for financial institutions
The law enforcement arm of the IRS has launched a new program to ensure financial institutions receive “quantifiable results” on ...
Executive order phases out U.S. Treasury paper checks
Under a new executive order from President Trump, effective Sept. 30, the U.S. Treasury will no longer issue paper checks ...
Enhancements, cost reductions announced for Social Security verification system
SSA announced a plan to reduce costs and enhance its Electronic Consent Based Social Security Number Verification, which allows financial ...
