In an article originally appearing in the Chicago Sun-Times on Aug. 25, 2023, Mary Norkol and Stephanie Zimmerman discuss a Chicago-based scam victim with Carla Sanchez-Adams, and why consumer protections that cover other types of fraud don’t cover scam wire transfers. “That’s why these cases are horrifying because there’s nothing that can be done.” Carla…
NCLC, along with other consumer organizations, submitted comments to the Federal Trade Commission in connection with its study on facilitating and refining existing efforts with State Attorneys General to prevent, publicize, and penalize frauds and scams being perpetrated on individuals in the United States. The comments called for creation of a broad inter-agency Fraud Task…
Read More about FTC-Attorney General Fraud Collaboration Comments
What should you say to a scam caller? Nothing! Learn more about identifying and reporting scam calls and texts.
NCLC signed-on to a letter submitted to the House Committee on Financial Services and House Committee on Agriculture opposing proposed crypto legislation.
NCLC submitted comments to Nacha in response to a request for information on potential changes to Nacha rules to address the management of fraud. The comments urged Nacha to require the banks that hold accounts of fraudsters to monitor the rate at which consumers request return of funds and to keep those return rates below…
NCLC provided comments generally supporting Nacha’s proposed amended rules and included suggestions for further strengthening those rules. Nacha (formerly the National Automated Clearinghouse Association) establishes rules for the ACH system. Nacha’s proposed amended rules seek to help prevent fraud, reduce the incidence of fraud, and increase the likelihood of recovery of funds after the occurrence…
Read More about Comments on Proposals to Amend the Nacha Operating Rules
