President Donald Trump signed an executive order intended to confront cybercrime and other schemes – an issue at least one lawmaker labeled “staggering.” In response, the FDIC, OCC and NCUA issued a proposal directing financial institutions to focus on higher-risk customers and activities rather than lower-risk ones. The Federal Reserve is also forming a public-private roundtable to get feedback on fighting payments fraud. INCLUDED IN THIS TRENDLINE JPMorgan, Barclays, Fifth Third’s Tricolor suit dismissed FinCEN urges banks to flag suspicious immigrant activity JPMorgan invests $14M in anti-fraud projects
