ABA - American Bankers Association
04/20/2026 | Press release | Distributed by Public on 04/20/2026 13:40
ABA Statement on Passage of Nebraska Anti-Fraud Legislation
"ABA applauds the Nebraska Legislature and Gov. Pillen for enacting legislation to strengthen protections against fraudulent advertising on social media platforms - legislation that mirrors the SCAM Act, which we strongly support in the U.S. House and Senate. Banks have long been on the front lines of the fight against fraud, and this new state law represents an important step forward in protecting consumers, as other states consider similar approaches. We applaud Nebraska's lawmakers for their leadership and urge Congress to quickly pass the SCAM Act to provide increased consumer protection at the federal level."
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About the American Bankers Association
The American Bankers Association is the voice of the nation's $25.3 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.1 trillion in deposits and extend $13.5 trillion in loans.
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