Payments & Payment Fraud Archives - Page 7 of 7 - NCLC

Skip to main content

All

Fed Must Do More to Protect Consumers From Fraud and Mistakes in New P2P Payment System

September 9, 2021

September 9, 2021 FedNow System Must Not Launch Until it is Safe Washington — The Federal Reserve Board must do more to protect consumers, small businesses and other users from fraud and mistakes in the new “FedNow” instant person-to-person (P2P) system that it is developing, according to comments submitted today by consumer, small business, community…

Read More about Fed Must Do More to Protect Consumers From Fraud and Mistakes in New P2P Payment System
Getting Money Back for Scammed Consumers

December 15, 2020

This article explains consumers’ legal remedies and options, which vary depending on the method used for the consumer’s payment.

Read More about Getting Money Back for Scammed Consumers
Advocates Applaud the Fed’s Faster Payment System, Urge Fraud Protection

August 6, 2019

FOR IMMEDIATE RELEASE: August 6, 2019 Washington, D.C. – Advocates at the National Consumer Law Center applauded yesterday’s announcement by the Federal Reserve Board (the Fed) that it will develop a real-time payment system, while urging the Fed to ensure protection against scammers and criminals who use faster payment systems to receive and move money.…

Read More about Advocates Applaud the Fed’s Faster Payment System, Urge Fraud Protection

Support NCLC

Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!

Donate