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Fed chair responds to Congressional wire fraud inquiry
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Cybersecurity, Regulatory Updates
Wednesday, July 17, 2019
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Federal Reserve Board Chairman Jerome Powell noted that the Fed has been actively engaged in efforts to respond to the increased threat of large-value payment fraud in response to a letter led by Rep. Denny Heck (D-Wash.). Read on for what he had to say about a suggested payee match for wire transfers.
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