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07/08/2025
Public Demands Crackdown On Check Fraud As Threat Escalates, Survey Shows
CU Today
WASHINGTON— A new study finds strong public support for policy measures aimed at combating the growing threat of check fraud.
In response to a recent request for information from federal banking regulators on how to address check fraud and other types of payments fraud, the Independent Community Bankers of America (ICBA) released new polling data on the issue.
- More than one-fifth of U.S. adults have or know someone who has experienced check fraud, even though two-thirds rarely or never use paper checks.
- 80% agree that policymakers should address the rise in check fraud.
- 73% agree that the Treasury Department should consider alternatives to issuing paper checks to help prevent fraud.
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