Blog post: Community bank efforts to fight check fraud are paying off
ICBA and community banks are making progress in the fight against check fraud through sustained advocacy, strong partnerships, and initial policy successes, according to a new ICBA blog post.
Engagement: In the blog post, ICBA Senior Vice President of Strategic Initiatives and Policy Scott Anchin writes that years of community banker input has contributed to the federal government moving away from paper Treasury checks, a joint study on how the Uniform Commercial Code allocates check fraud losses, and potential regulatory changes to mitigate payments fraud.
Advocacy: The blog post notes that while the fight against check fraud is ongoing, ICBA is making significant headway by:
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Partnering with the U.S. Postal Inspection Service and working with the U.S. Postal Service.
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Creating practical fraud prevention resources for community bankers, including a guide for how to escalate concerns to regulators.
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Starting a Fraud and Scams Task Force that has matured into a venue for peer intelligence and best-practice sharing.
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Hosting a fraud discussion group on ICBA Community for more than 1,400 community bankers.