Press Coverage September 26, 2022

Banks Point to Law Enforcement for Solutions in Combating P2P Fraud

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Chris Willis

Chris Willis, a partner in Troutman Pepper’s Consumer Financial Services Practice Group, was quoted in the September 26, 2022 American Banker article, “Banks Point to Law Enforcement for Solutions in Combating P2P Fraud.”

There is no legal basis under the regulation to say the bank is on the hook when a consumer sends money by mistake.

 

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