Nation’s Largest Financial Institutions, Tech Companies Warn of Rising Fraud Targeting Consumers
Task force aims to solve America’s $158 billion fraud problem.
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Financial Fraud is a National Crisis Demanding Better Protection
Carla Sanchez-Adams, senior attorney at the National Consumer Law Center (NCLC), provided testimony to the Oversight and Investigations Subcommittee of the U.S. House Financial Services Committee.
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House Republicans Ignore Rising Prices, Vote to Keep $35 Big Bank Overdraft Fees
House votes to block CFPB’s $5 cap on big bank overdraft fees and oversight of big tech payment apps, building on tariff woes and high grocery costs.
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House Vote Could Keep Overdraft Fees High and Deny Oversight of Payment App Fraud
U.S. House will consider resolutions tomorrow to overturn a $5 cap on big bank overdraft fees, eliminate oversight of Big Tech P2P payment apps.
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Senate, CFPB Move to Weaken Fraud and Privacy Protections in Payment Apps and Digital Wallets
Senate to Vote Wednesday on Eliminating Oversight of Payment Apps; CFPB Drops Suit Against Zelle
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CFPB Sues Zelle and Three Major Banks for Enabling Payment Fraud
Action Against Owners of Zelle Will Improve Consumer Safety, Reduce P2P Fraud
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Federal Legislation Aims to Protect Consumers from Payment Fraud
The Protecting Consumers from Payment Scams Act will help stop consumers from losing billions of dollars each year to fraud.
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NPR: After being scammed, one woman tries to get her money back
Originally airing on NPR Morning Edition on July 4, 2024, Alex Horowitz-Ghazi interviews Carla Sanchez-Adams for a story covering the limited options available to consumers impacted by bank and payment account fraud. “Banks in the U.S. are legally required to help make their customers whole in the case of many unauthorized electronic transfers. But then…
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TIME: Defrauded? Banks May Not Give Your Money Back
Appearing in TIME Magazine on June 13, 2024, Alana Semuels interviews NCLC Senior Attorney Carla Sanchez-Adams in coverage of consumer protections for checks and wire transfers, including how long consumer have to report fraudulent transactions. Some bank-account agreements shorten the grace period for reporting fraudulent transactions to 14 days from when your bank statement was…
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Fed Proposal Will Make It Easier to Pay Bills, Receive Wages on Weekends
Federal Reserve proposes to process electronic payments 365 days a year
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CBS News: New efforts to stop scammers from stealing through fraudulent wire transfers (video)
Appearing on CBS Mornings on April 18, 2024, Anna Werner interviews Carla Sanchez-Adams for a story on how Americans are losing millions of dollars every year to scammers who steal money directly from their bank accounts, often through fraudulent wire transfers. U.S. senators are now pressing banks for answers about what they’re doing to stop…
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American Banker: It's past time for the Fed to expand ACH settlement to weekends
In an op-ed appearing in American Banker on April 3, 2024, NCLC senior attorney Carla Sanchez-Adams and Michael Herd, Executive Vice President for ACH Network Administration at Nacha, write tourge the Federal Reserve to expand the ACH network’s hours of operation to settle payments on weekends and holidays. “Expanding NSS operating hours means American workers…
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