The Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC) and Federal Reserve issued a Request for Information (RFI) on June 16, 2025, related to payments fraud. The RFI offers interested stakeholders the opportunity to:
(1) Identify potential areas for improvement in mitigating payments fraud and
(2) Suggest actions these agencies could take collectively or independently to assist consumers, businesses and financial institutions mitigate check, ACH, wire and instant payments fraud.
Comments are due September 18, 2025.
We worked with the EPCOR Payments Committee, member-facing staff and the EPCOR Board of Directors to gather feedback and submit a comment letter on behalf of our Board of Directors and members. We also encourage you to submit feedback on behalf of your organization. The RFI includes 26 questions that can be answered by financial institutions and other payments organizations. Many of the questions include follow-up questions, and each question is open-ended (i.e., there are no proposed solutions to choose from). The agencies are requesting feedback on payments fraud in general as well as on the following areas:
We recommend reviewing the RFI, as well as EPCOR’s comment letter, to start preparing your own response. We have also put together a fillable PDF to help you capture feedback more efficiently. You may then use responses captured in the fillable PDF to develop a comment letter or simply submit the PDF as is.