Lunch & Learn: Analyzing and Handling Unauthorized Electronic Funds Transfers

You hear about it in the news nearly every day, and many of you have experienced it at your credit unions — fraud is on the rise and running rampant across the financial services industry.

Unauthorized and/or fraudulent electronic funds transfers (EFTs), in particular, have increased exponentially amid the pandemic, creating a complicated mess for compliance teams and credit union members. There are a few resources available to credit unions, such as the Consumer Financial Protection Bureau’s recent FAQ on EFTs, but the guidance contains minimal information on the newest fraud schemes taking place today.

Credit union law firm Farleigh Wada Witt is here to help.

Join legal experts Brian Witt and Hal Scoggins for a one-hour virtual “Lunch and Learn” seminar on July 28, exploring the latest trends in unauthorized EFTs and how to analyze and effectively handle them. Going beyond the CFPB FAQ, they’ll review and break down several of the latest schemes and share strategies for reducing credit union liability.

Register online today.

For more information, or if you have any questions, please contact Will Hall, Director, Legal Advocacy.

Posted in Events.