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Episode: Fighting Payments Fraud - Federal Banking Agencies Launch Major Initiative
Episode Summary
Three major federal banking agencies have joined forces to combat the explosive growth in payments fraud across America. In this episode, we break down the comprehensive Request for Information issued by the OCC, Federal Reserve, and FDIC on June 20, 2025, seeking public input on how to better protect consumers, businesses, and financial institutions from fraud schemes.
Key Takeaways
🚨 Alarming Statistics:
💰 Financial Impact:
Five Key Areas Federal Agencies Are Targeting
Notable Quotes
"Payments fraud has the potential to erode public trust in—and undermine the safety, accessibility, and efficiency of—the nation's payments system, upon which the U.S. financial system depends.""No agency or private-sector entity can address payments fraud on its own."Payments fraud data is currently "collected in an incomplete, non-standardized, ad hoc, and fragmented way."What's at Stake
Regulatory Focus Areas
Regulation CC Changes
The Federal Reserve is considering amendments to funds availability rules, asking whether:
Industry Pain Points
What Happens Next
Comment Deadline: September 18, 2025
Who Can Participate:
Questions Agencies Want Answered
Why This Matters to You
Whether you're a banking professional, fintech entrepreneur, or consumer who's experienced fraud, this initiative could reshape how America fights payments fraud. The agencies are serious about getting input from all stakeholders to build a more secure payments ecosystem.
Resources
Episode Length
Approximately 10 minutes
Tags
#PaymentsFraud #BankingRegulation #FederalReserve #OCC #FDIC #CheckFraud #Fintech #PaymentSecurity #RegulatoryPolicy #FinancialCrimes
This episode is based on official federal regulatory documents. For the most current information, consult the Federal Register and agency websites.
Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!
We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.
Hire us and gain:
• Peace of mind during your exam process
• Insider knowledge of NCUA procedures and expectations
• Strategies to address potential issues before they become problems
• Continuous access to our extensive subject matter expertise
With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.
Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
www.marktreichel.com
https://www.linkedin.com/in/mark-treichel/
Episode: Fighting Payments Fraud - Federal Banking Agencies Launch Major Initiative
Episode Summary
Three major federal banking agencies have joined forces to combat the explosive growth in payments fraud across America. In this episode, we break down the comprehensive Request for Information issued by the OCC, Federal Reserve, and FDIC on June 20, 2025, seeking public input on how to better protect consumers, businesses, and financial institutions from fraud schemes.
Key Takeaways
🚨 Alarming Statistics:
💰 Financial Impact:
Five Key Areas Federal Agencies Are Targeting
Notable Quotes
"Payments fraud has the potential to erode public trust in—and undermine the safety, accessibility, and efficiency of—the nation's payments system, upon which the U.S. financial system depends.""No agency or private-sector entity can address payments fraud on its own."Payments fraud data is currently "collected in an incomplete, non-standardized, ad hoc, and fragmented way."What's at Stake
Regulatory Focus Areas
Regulation CC Changes
The Federal Reserve is considering amendments to funds availability rules, asking whether:
Industry Pain Points
What Happens Next
Comment Deadline: September 18, 2025
Who Can Participate:
Questions Agencies Want Answered
Why This Matters to You
Whether you're a banking professional, fintech entrepreneur, or consumer who's experienced fraud, this initiative could reshape how America fights payments fraud. The agencies are serious about getting input from all stakeholders to build a more secure payments ecosystem.
Resources
Episode Length
Approximately 10 minutes
Tags
#PaymentsFraud #BankingRegulation #FederalReserve #OCC #FDIC #CheckFraud #Fintech #PaymentSecurity #RegulatoryPolicy #FinancialCrimes
This episode is based on official federal regulatory documents. For the most current information, consult the Federal Register and agency websites.
Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!
We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.
Hire us and gain:
• Peace of mind during your exam process
• Insider knowledge of NCUA procedures and expectations
• Strategies to address potential issues before they become problems
• Continuous access to our extensive subject matter expertise
With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.
Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
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