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OCC Bulletin 2025-12 | June 16, 2025

Payments Fraud: Request for Information on Potential Actions to Address Payments Fraud

To

Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties

Summary

Today the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) released a request for information (RFI) on potential actions to address payments fraud, with a particular focus on check fraud.

Note for Community Banks

This request for information applies to all banks1 that may want to comment on the RFI.

Highlights

The RFI solicits comments on five potential areas for improvement and collaboration that could help mitigate payments fraud:

  • External collaboration
  • Consumer, business, and industry education
  • Regulation and supervision
  • Payments fraud data collection and information sharing
  • Federal Reserve Banks’ operator tools and services

The agencies also seek perspectives related to payments fraud more generally.

Further Information

Please contact Tracy Chin, Director for Payments Systems Policy, (202) 649-6550; Eric Ellis, Director for BSA/AML Policy, (202) 649-5470; Candace Matzenauer, Director, Consumer Compliance Policy, (202) 649-5470; or Andrew Davis, Counsel, Chief Counsel’s Office, (202) 649-5490.

 

Jay Gallagher
Senior Deputy Comptroller for the Office of the Chief National Bank Examiner

Related Link

1 “Banks” refers collectively to national banks, federal savings associations, and federal branches and agencies of foreign banking organizations.

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