JOURNAL ARTICLE

US Bank Regulators Launch Effort to Combat Surge in Check Fraud.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Howard, Megan 3 of 3

Abstract

The article focuses on US bank regulators' efforts to combat the rising issue of check fraud, which has significantly increased in recent years. The Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency are seeking public input on strategies to mitigate risks associated with check fraud and payment scams. Fed Vice Chair for Supervision Michelle Bowman emphasized the importance of addressing this issue, noting the negative impact on banks, particularly community banks, as well as on consumers and businesses affected by fraud. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/06, pN.PAG
  • Document Type:Article
  • Subject Area:Science
  • Publication Date:2025
  • Accession Number:185996801
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