💳Request for Information on Strategies to Combat Payments Fraud
Request for Information on Potential Actions To Address Payments Fraud
Summary
The Office of the Comptroller of the Currency (OCC), Treasury; the Board of Governors of the Federal Reserve System (Board); and the Federal Deposit Insurance Corporation (FDIC) seek public input on questions related to payments fraud. This request for information (RFI) offers the opportunity for interested stakeholders to identify ways that the OCC, the Federal Reserve System (FRS), and the FDIC could take actions collectively or independently in their varying respective roles to help consumers, businesses, and financial institutions mitigate check, automated clearing house (ACH), wire, and instant payments fraud.
Agencies
- Federal Reserve System
- Treasury Department
- Comptroller of the Currency
- Federal Deposit Insurance Corporation
Business Impact
$$$ - High
The request for information on addressing payments fraud directly impacts businesses by inviting stakeholder input on collective actions to mitigate financial risks from fraud. It highlights regulatory engagement on compliance, potential changes in supervisory guidance, and implications for financial institutions managing consumer and corporate transactions.