Three federal bank regulatory agencies have issued a request for information on potential actions to help consumers, businesses and financial institutions mitigate risk of payments fraud, with a particular focus on check fraud.
The Board of Governors of the Federal Reserve System, along with the Federal Deposit Insurance Corp. (FDIC) and Office of the Comptroller of the Currency (OCC), are seeking comment on actions they could take collectively or independently to mitigate payments fraud within their respective bank regulation and payments authorities. Comments must be received within 90 days after the request for information notice publication date in the Federal Register.
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