Acting Comptroller of the Currency Michael Hsu highlighted the formation of ICBA’s Check Fraud Task Force as an important step in addressing financial fraud.
Details: Speaking at the Financial Literacy and Education Commission’s public meeting, Hsu said fraud is a problem everyone has a role in addressing and cited ICBA’s formation of a Check Fraud Task Force as a positive action. He also mentioned the sector-wide fraud information sharing work group ICBA leads.
More Press: ICBA’s Scott Anchin discussed the challenge of check fraud in a recent MarketWatch article on Target’s decision to stop accepting personal checks. Anchin said Target’s new policy eliminates a venue for potential check fraud and he hopes more merchants follow suit.
Podcast: The latest episode of ICBA’s “Independent Banker” podcast discusses why check fraud has become such a problem and how community banks can help fight this alarming epidemic.
Resources: For more information, community bankers can:
Download ICBA’s check fraud guide.
Join the new fraud subgroup on ICBA Community.
Read Independent Banker’s latest article on check fraud mitigation tips.
Watch the recording of ICBA’s ThinkTECH Solutions Forum on fraud.
