TBA Task Force addresses the fraud epidemic

The Texas Bankers Association’s Fraud Task Force convened in July as more than 270 Texas bank leaders joined to discuss ways to counter crimes, including check fraud and bogus account openings. 

Participants represented various bank roles, including CEOs, risk officers, operations staff and security personnel. Through the Fraud Task Force, TBA is compiling practical information, leading practices, contacts and resources for delivery to members.

Special Agent Alex Rayas from the FBI Houston Office and Director Adam Colby of the Texas Financial Crimes Intelligence Center joined the call to discuss the activity their agencies are tracking. Additionally, several bank security officers shared their success utilizing technology partnerships. 

TBA’s Government Relations team has been working with Lt. Gov. Dan Patrick and legislators on a package to strengthen state investigative and prosecutorial capabilities and enhance the penalties for fraud and other financial crimes.

For more information about the TBA Fraud Task Force, contact TBA Deputy General Counsel Kate Decker at [email protected].