X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A new financial fraud law in Washington state takes on perpetrators of identity theft and other financial fraud-related crimes. SSB 5719-Prohibits the use of plastic card-scanning devices for the purpose of fraud; ESHB 1845-Exempts plastic card numbers, card expiration dates, electronic check numbers, and financial institution account numbers from disclosure in public records; ESHB 1844-Creates new crimes, making it unlawful to: * Produce checks with the name or routing number of another person without that person’s permission; * Possess two or more plastic cards without the card owner’s permission; * Possess devices that manufacture identification cards with the intent to commit a crime; * Possess another person’s identification card with the intent to commit a crime; * Possess equipment or software used to produce checks with the intent to use or distribute the checks, thereby defrauding an account holder or financial institution; * Possess another person’s identification without permission; and SSB 5716-Makes it a class C felony for any person to manufacture, sell, or deliver forged, stolen, fictitious, counterfeit, fraudulently altered, blank, or unlawfully issued state driver’s licenses or identicards. Allow the crime of identity theft to be prosecuted in any locality where the victim or financial institution is located, or where any part of the offense took place (regardless of whether the perpetrator was ever in that location). SB 5720-Invalidates contractual provisions between plastic card issuers and merchants, which prohibit the merchant from asking for additional identification.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.