NCLC joined other consumer groups in a statement for the record for the Senate Banking Committee expressing concerns that Section 10 of S.1323 (Merkley), the Secure and Fair Enforcement (SAFE) Banking Act of 2023, could inhibit efforts to stop payment fraud. That section of the bill, which mostly deals with cannabis banking, imposes onerous requirements…
Originally airing on CBS News Los Angeles, Carla Sanchez-Adams discusses how you’re not as protected by your bank as you may think if you become a victim of check fraud.
NCLC writes in support of Senate Bill 278 (Dodd), which will be heard before the committee shortly. SB 278 will clarify the law and ensure that elderly victims of financial scams can hold negligent banks accountable for assisting in the financial exploitation of older Californians.
In an op-ed appearing in American Banker on March 15, 2023, Carla Sanchez-Adams calls for clear, uniform P2P fraud protections to level the playing field between payment systems that keep fraud to low levels and those that don't.
NCLC and the National Community Reinvestment Coalition submit comments that fall into two categories. We agree with the Federal Reserve’s intention to provide greater clarity on how it will evaluate applications. But we remain opposed to the possibility of accounts for the uninsured institutions in Tier 2 and Tier 3, which will permit evasions of…
