House Bill Would Give Banks Time to Investigate Suspicious Checks (opens in new tab)

Rep. Young Kim has introduced a bill that would allow financial institutions to place extended holds on suspicious checks and wire transfers while investigating potential fraud. The “Strengthening Transaction Oversight and Preventing Payments Fraud Act of 2026“ (“STOP Payments Fraud Act of 2026”) aims to change the current law that requires financial institutions to make funds […] The post appeared first on <a href="