Consumer Resources for Scam Calls and Texts
What should you say to a scam caller? Nothing! Learn more about identifying and reporting scam calls and texts.
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Opposition Letter to H.R. 4763, the Financial Innovation & Technology for the 21st Century Act
NCLC signed-on to a letter submitted to the House Committee on Financial Services and House Committee on Agriculture opposing proposed crypto legislation.
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Comments to Nacha on Measures to Reduce Fraudulently-Induced Credit Push ACH Payments
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…
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Comments on Proposals to Amend the Nacha Operating Rules
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
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Statement on Section 10 of SAFE Banking Act
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…
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Group Letter in Opposition to H.R. 2706, the Financial Inclusion Consumer Protection Act of 2017
Consumer and civil rights organizations oppose H.R. 2706, the Financial Institution Customer Protection Act of 2017. The bill will hamper the efforts of banking regulators to advise financial institutions of warning signs that their customers are engaging in fraud, money laundering, or other illegal activity, putting consumers and financial institutions at risk of serious financial…
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CBS News: "On Your Side: Check fraud is on the ride-here's how to protect your money"
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.
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Letter Supporting California's SB 278
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.
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Op-Ed in American Banker: "It is essential that we protect consumers from fraud over P2P networks"
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.
