ICBA and many banks are going the extra mile to fight fraud, but banks and industry trade groups cannot effectively address fraud all by themselves, Acting Comptroller of the Currency Michael Hsu said.
OCC’s Hsu lauds ICBA check fraud efforts
December 12, 2024 / By ICBA
ICBA and many banks are going the extra mile to fight fraud, but banks and industry trade groups cannot effectively address fraud all by themselves, Acting Comptroller of the Currency Michael Hsu said.
ICBA and many banks are going the extra mile to fight fraud, but banks and industry trade groups cannot effectively address fraud all by themselves, Acting Comptroller of the Currency Michael Hsu said.
Details: Speaking in Washington, D.C., Hsu noted that ICBA formed a check fraud task force and leads a financial sector fraud working group. He added that he has heard countless stories of bank branch employees going the extra mile to educate customers about the risks of wiring funds to suspicious accounts.
ICBA Resources: ICBA’s website features information and resources on check fraud, including its series of guides on check fraud, detection mechanisms, and engagement with regulators.
Community Banker Network: Further, the fraud subgroup on ICBA Community facilitates conversations and networking on fraud tools, strategies, and experiences.
Contact ICBA: ICBA continues to raise awareness of check fraud and encourages community bankers to share their experiences and input on the challenge of check fraud at checkfraud@icba.org.
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