Episodios

  • Fighting Payments Fraud: A Deep Look into Federal Banking Agencies' New Initiative

    Fighting Payments Fraud: A Deep Look into Federal Banking Agencies' New Initiative
    Jun 25 2025
    www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/Episode: Fighting Payments Fraud - Federal Banking Agencies Launch Major InitiativeEpisode SummaryThree major federal banking agencies have joined forces to combat the explosive growth in payments fraud across America. In this episode, we break down the comprehensive Request for Information issued by the OCC, Federal Reserve, and FDIC on June 20, 2025, seeking public input on how to better protect consumers, businesses, and financial institutions from fraud schemes.Key Takeaways🚨 Alarming Statistics:Non-card payments fraud losses increased 271% between 2020-2024Suspicious Activity Reports for check, ACH, and wire fraud up 489% since 2014Check fraud alone has risen 385% since COVID-19Check fraud accounts for 30% of all fraud-related SARs filed in 2023💰 Financial Impact:Fraud reports for payments apps, bank transfers, wire transfers, and checks resulted in $2.99 billion in losses in 2024, up from $806 million in 2020Five Key Areas Federal Agencies Are TargetingExternal Collaboration - How can stakeholders work together more effectively?Education - Better fraud prevention education for consumers, businesses, and industryRegulation & Supervision - Potential regulatory changes and clearer guidanceData Collection - Standardizing and centralizing fraud data sharingReserve Bank Tools - Enhanced fraud detection and prevention servicesNotable Quotes"Payments fraud has the potential to erode public trust in—and undermine the safety, accessibility, and efficiency of—the nation's payments system, upon which the U.S. financial system depends.""No agency or private-sector entity can address payments fraud on its own."Payments fraud data is currently "collected in an incomplete, non-standardized, ad hoc, and fragmented way."What's at StakeCheck Vulnerability: Paper checks contain sensitive information including account numbers, routing numbers, addresses, and signatures that criminals can exploitMulti-Institution Schemes: Fraud often involves multiple banks and payment methods across different regulatory jurisdictionsTrust in the System: Continued fraud growth threatens confidence in the entire U.S. payments infrastructureRegulatory Focus AreasRegulation CC ChangesThe Federal Reserve is considering amendments to funds availability rules, asking whether:Technological advances allow for shorter hold periodsCurrent fraud detection capabilities justify faster fund accessBetter dispute resolution mechanisms are neededIndustry Pain PointsBanks struggle with interbank disputes over fraudulent check liabilitySmall community banks need additional fraud prevention resourcesCurrent data sharing restrictions limit collaborative fraud fightingWhat Happens NextComment Deadline: September 18, 2025Who Can Participate:Banks and credit unionsFintech companiesConsumer advocacy groupsTechnology providersPayment processorsAnyone affected by payments fraudQuestions Agencies Want AnsweredWhat technological solutions work best for fraud prevention?How can fraud education be more effective?Should Reserve Banks require fraud reporting across all payment rails?What barriers prevent better data sharing between institutions?How can confirmation of payee services reduce fraud?Why This Matters to YouWhether you're a banking professional, fintech entrepreneur, or consumer who's experienced fraud, this initiative could reshape how America fights payments fraud. The agencies are serious about getting input from all stakeholders to build a more secure payments ecosystem.ResourcesFederal Register Document: Vol. 90, No. 117, June 20, 2025, pages 26293-26298Comment Submission: Multiple agencies accept comments through regulations.gov and agency websitesAgency Contacts: Specialized fraud and payments policy teams at OCC, Federal Reserve, and FDICEpisode LengthApproximately 10 minutesTags#PaymentsFraud #BankingRegulation #FederalReserve #OCC #FDIC #CheckFraud #Fintech #PaymentSecurity #RegulatoryPolicy #FinancialCrimesThis episode is based on official federal regulatory documents. For the most current information, consult the Federal Register and agency websites. Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.Hire us and gain:• Peace of mind during your exam process• Insider knowledge of NCUA procedures and expectations• Strategies to address potential issues before they become problems• Continuous access to our extensive subject matter expertiseWith our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
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    8 m
  • NCUA's Civil Money Penalty Authorities and What You Need to Know

    NCUA's Civil Money Penalty Authorities and What You Need to Know
    Jun 18 2025

    www.marktreichel.com

    https://www.linkedin.com/in/mark-treichel/


    https://www.linkedin.com/in/mark-treichel/


    Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

    We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

    Hire us and gain:

    • Peace of mind during your exam process

    • Insider knowledge of NCUA procedures and expectations

    • Strategies to address potential issues before they become problems

    • Continuous access to our extensive subject matter expertise

    With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.

    Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
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    5 m
  • Letters of Understanding and Agreement (LUAs)

    Letters of Understanding and Agreement (LUAs)
    Jun 11 2025

    www.marktreichel.com

    https://www.linkedin.com/in/mark-treichel/


    https://www.linkedin.com/in/mark-treichel/

    www.marktreichel.com


    Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

    We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

    Hire us and gain:

    • Peace of mind during your exam process

    • Insider knowledge of NCUA procedures and expectations

    • Strategies to address potential issues before they become problems

    • Continuous access to our extensive subject matter expertise

    With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.

    Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
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    6 m
  • Preliminary Warning Letters: Per NCUA's National Supervision Policy Manual (NSPM)

    Preliminary Warning Letters: Per NCUA's National Supervision Policy Manual (NSPM)
    Jun 4 2025

    www.marktreichel.com

    https://www.linkedin.com/in/mark-treichel/


    www.marktreichel.com

    https://www.linkedin.com/in/mark-treichel/


    Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

    We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

    Hire us and gain:

    • Peace of mind during your exam process

    • Insider knowledge of NCUA procedures and expectations

    • Strategies to address potential issues before they become problems

    • Continuous access to our extensive subject matter expertise

    With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.

    Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
    Más Menos
    8 m
  • What Are NCUA's Enforcement Options and Philosophy?

    What Are NCUA's Enforcement Options and Philosophy?
    May 28 2025

    www.marktreichel.com

    https://www.linkedin.com/in/mark-treichel/


    Enforcement actions range from formal to informal, and minor to drastic. Today we discuss what NCUA's philosophy is in this regard.


    Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

    We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

    Hire us and gain:

    • Peace of mind during your exam process

    • Insider knowledge of NCUA procedures and expectations

    • Strategies to address potential issues before they become problems

    • Continuous access to our extensive subject matter expertise

    With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.

    Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
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    7 m
  • What is NCUA's Authority to Remove Officials?

    What is NCUA's Authority to Remove Officials?
    May 21 2025

    www.marktreichel.com

    https://www.linkedin.com/in/mark-treichel/


    The Federal Credit Union Act allows NCUA to remove officials. We explain how.


    Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

    We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

    Hire us and gain:

    • Peace of mind during your exam process

    • Insider knowledge of NCUA procedures and expectations

    • Strategies to address potential issues before they become problems

    • Continuous access to our extensive subject matter expertise

    With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.

    Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
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    5 m
  • NCUA's Supervisory Letter on Enterprise Risk Management

    NCUA's Supervisory Letter on Enterprise Risk Management
    May 14 2025

    www.marktreichel.com

    https://www.linkedin.com/in/mark-treichel/


    https://ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/enterprise-risk-management-erm


    Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

    We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

    Hire us and gain:

    • Peace of mind during your exam process

    • Insider knowledge of NCUA procedures and expectations

    • Strategies to address potential issues before they become problems

    • Continuous access to our extensive subject matter expertise

    With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.

    Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
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    14 m
  • Involuntary Liquidations: Why and How Does NCUA Do Them?

    Involuntary Liquidations: Why and How Does NCUA Do Them?
    May 7 2025

    www.marktreichel.com

    https://www.linkedin.com/in/mark-treichel/


    The National Credit Union Administration (NCUA) today liquidated Unilever Federal Credit Union of Englewood Cliffs, New Jersey. The NCUA made the decision to liquidate Unilever Federal Credit Union and discontinue operations after determining the credit union was insolvent and had no prospect for restoring viable operations.

    Member deposits are federally insured by the National Credit Union Share Insurance Fund to at least $250,000. NCUA’s Asset Management and Assistance Center will issue correspondence to individuals holding verified share accounts in the credit union within one week. Members may direct questions and other inquiries concerning their accounts to NCUA’s Asset Management and Assistance Center:

    Unilever Federal Credit Union
    c/o National Credit Union Administration
    10910 Domain Dr., Suite 200
    Austin, Texas 78758
    1.877.715.0777 or 512.231.7940
    amacmail@ncua.gov

    Members with additional questions about their insurance coverage may contact NCUA’s Consumer Assistance Center toll free at 800.755.1030. The Center answers calls Monday–Friday between 8 a.m. and 5 p.m. Eastern. Individuals may also visit the MyCreditUnion.gov
    (Opens new window) website at any time for more information about their insurance coverage.

    Unilever Federal Credit Union served 1,448 members and had assets of $46,669,599, according to the credit union’s most recent Call Report. Chartered in 1948, Unilever Federal Credit Union primarily served employees of UNUS, Unilever United States, Inc, and its directly or indirectly wholly owned subsidiaries who work in or are paid from Englewood Cliffs, New Jersey.


    Are you worried about an NCUA exam in process or looming on the horizon? Don't face it alone!

    We're ex-NCUA insiders with decades of experience, ready to guide you to success. Our team understands the intricacies of NCUA examinations from the inside out.

    Hire us and gain:

    • Peace of mind during your exam process

    • Insider knowledge of NCUA procedures and expectations

    • Strategies to address potential issues before they become problems

    • Continuous access to our extensive subject matter expertise

    With our access retainer, you'll have on-demand support from former NCUA experts. We're here to ensure your credit union achieves flying colors in its next examination.

    Contact Credit Union Exam Solutions today to learn more about our services and how we can help your credit union succeed.
    Más Menos
    9 m