Increases Fraud Protections for Checks and Transfers
Increases Fraud Protections for Checks and Transfers
IntroducedJune 18, 2026
In House17 days ago
Intro
House
Senate
Pres
Waiting for a House floor vote.
It has cleared committee and can be brought up at any time, though no date is set.
Finance and Financial SectorBank accounts, deposits, capitalBanking and financial institutions regulationUser charges and feesFraud offenses and financial crimes
Why This Matters
This bill increases protections against fraud by allowing banks to delay access to funds from checks and wire transfers that are suspected to be fraudulent.
If you use checks or wire transfers, banks can hold your funds for up to 60 days if fraud is suspected.
Who this affects
Consumers using checks · Businesses processing payments
What changes is this bill making?
1This bill allows banks to delay access to funds from checks suspected of fraud for up to 45 days.
2It requires banks to assess fraud risk for certain checks and wire transfers, potentially delaying funds for up to 60 days.
3The bill enables banks to hold funds from accounts with higher fraud risk for a maximum of 60 days.
