XBRL US submitted a comment in response to the Request for Information on Potential Actions To Address Payments Fraud published by the Office of the Comptroller of the Currency, Treasury; the Board of Governors of the Federal Reserve System; and the Federal Deposit Insurance Corporation. The request focused on identifying ways that the agencies can take actions collectively or independently to help consumers, businesses, and financial institutions mitigate payments fraud.
Our letter described how adopting a data standards approach can give federal agencies a common framework for sharing, analyzing, and verifying information, which can make it easier to detect and stop fraudulent payments.
Read the letter: XBRL US Response RFI Potential Actions to Address Payments Fraud
