LAS VEGAS – At both the local and federal level, the industry needs to embark on a more vigorous legislative push to bring hamstrung law enforcement agencies into the fight on card fraud, advocates the president/CEO of SAFE CU, one of California's largest.

"We can't even get local agencies to even look at claims unless they are above $100,000," declared Henry Wirz, who raised the law enforcement issue during a question and answer session at the CO-OP's annual conference.

The problem, said Wirz, dates to 9/11 and the reduced priority given to local police and FBI units to combat fraud with cases not even tried or perpetrators not being caught or let go.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.