CBA Applauds New Federal Scam Center Strike Force

WASHINGTON, D.C. - Consumer Bankers Association (CBA) President and CEO today released the following statement applauding the new interagency Scam Center Strike Force launched by the Justice Department and partner agencies including the Office of Foreign Assets Control, the State Department's Bureau for International Narcotics and Law Enforcement Affairs and the United States Secret Service.

"CBA applauds the Justice Department and its partner agencies for launching the Interagency Scam Center Strike Force. CBA and our members have long supported stronger public-private collaboration to identify, report, and prevent scams targeting consumers and small businesses. We look forward to working closely with the Strike Force to advance information sharing, enhance enforcement, and protect Americans from criminal activity - whether at home or abroad."

CBA Advocacy

As CBA concluded following a roundtable discussion of a white paper written by Nick Bourke, former Director of Consumer Finance at The Pew Charitable Trusts, "[b]ad actors scam and defraud consumers across a range of sectors and extract money from the banking system using fast and highly integrated tactics. In order to combat these evolving tactics, the government must spearhead a cross-industry public-private national strategy against fraud and scams."

Since CBA's call for a government-led cross-industry public-private national strategy for fighting fraud, significant progress has been made. For example, the Aspen Institute National Task Force for Fraud and Scam Prevention completed initial work in early April 2025 focused on enhancing public-private collaboration. The effort produced a set of takeaways and potential recommendations regarding measurement of fraud and scams, information sharing, and strategies for increasing consumer awareness.

• To read a CBA comment letter sent in response to a joint request for information (RFI) issued by the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (FRB), and the Federal Deposit Insurance Corporation (FDIC) regarding potential actions to address payments fraud, click HERE.
• To read a summary of the cross-industry convening CBA hosted last summer on combatting fraud and scams, click HERE.
• To read the white paper that CBA commissioned last year on combatting fraud and scams, click HERE.
• To read a recent op-ed from CBA Vice President, Associate General Counsel Brian Fritzsche published in Open Banker calling for a coordinated, national response to protect consumers from increasingly sophisticated financial fraud and scams, click HERE.
• To read an April 2025 op-ed in The Hill from CBA President and CEO Lindsey Johnson calling for lawmakers to support a whole-of-government approach to combat fraud and scams, click HERE.