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Why is check fraud suddenly rampant?
(www.bostonfed.org)
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this post was submitted on 28 Aug 2023
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From the article:
[In 2022], banks issued about 680,000 reports of check fraud, nearly double what they reported in 2021. And one expert predicted total check fraud will hit $24 billion in losses this year, roughly twice what it was just five years ago.