News & Analysis as of

Automated Clearing House (ACH) Fraud

Katten Muchin Rosenman LLP

The More You Know Can Hurt You: Court Rules Financial Institutions Need 'Actual Knowledge' of Mismatches for ACH Scam Liability

On March 26, the US Court of Appeals for the Fourth Circuit issued a decision that has important ramifications for banks and credit unions that process millions of Automated Clearing House (ACH) and Electronic Funds Transfer...more

Mayer Brown Free Writings + Perspectives

FINRA Publishes 2025 Annual Regulatory Oversight Report

The Financial Industry Regulatory Authority, Inc. (“FINRA”) published its 2025 FINRA Annual Regulatory Oversight Report (the “Report”), which builds on the structure and content of FINRA’s prior reports for 2021-2024. This...more

Adams & Reese

Don’t Fall Prey to “The $43 Billion Scam”: Business Email Compromise Schemes on the Rise for Construction Companies

Adams & Reese on

As updated statistics from the FBI’s Internet Crime Complaint Center show, business email compromise (BEC) schemes increasingly put funds transfers at risk. Between June 2016 and December 2021, reported exposed dollar loss...more

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