Latest News view all news
07/08/2026
Law Firms Urge Brokers to Prepare for Illinois Crypto Tax
PYMNTS
With Illinois’ new tax on crypto set to become effective on Jan. 1, 2027, brokers with any Illinois exposure should prepare for registration now and review their recordkeeping, law firm Jones Day said in a commentary posted in June.
07/08/2026
Banks Face a New ACH Fraud Test as Nacha Rules Take Effect
PYMNTS
Fraud deadlines arguably don’t attract much attention outside compliance departments. This year’s changes to the Nacha Operating Rules reshape how banks are expected to identify suspicious ACH activity before losses accumulate.
07/08/2026
Man Sentenced in $39M Bank Fraud Scheme That Defrauded Seven Financial Institutions
Office of Public Affairs U.S. Department of Justice
A California man was sentenced today to 78 months in prison and three years of supervised release for perpetrating an elaborate bank fraud scheme that took in approximately $39 million from multiple financial institutions over the course of nearly 10 years. He was also ordered to pay over $19.4 million in restitution and $21.8 million in forfeiture.
07/08/2026
Synthetic Identity Fraud Doesn’t Stop at KYC. Neither Should Verification
Fixextra
A synthetic identity does not need to fool a bank forever. It needs to pass one check, once.
