Regulatory Alert: Payments Fraud: Request for Information on Potential Actions to Address Payments Fraud

Summary: On June 16, 2025, the Office of the Comptroller of the Currency (OCC) issued Bulletin 2025‑12, a Request for Information (RFI) aimed at gathering public feedback on strategies to address and mitigate payments fraud across national banks and federal savings associations. The OCC seeks insights on emerging fraud trends, vulnerabilities in payments systems, and effective preventative measures.

Takeaways:

• The OCC is soliciting public comments on emerging payments fraud risks and mitigation strategies
• Feedback areas include fraud risk identification, operational resilience, technological solutions, and regulatory approaches
• Responses will inform future OCC guidance or supervisory expectations related to payments fraud
• The agency emphasizes the importance of coordinated fraud prevention across institutions and payment networks
• The bulletin reflects the OCC’s commitment to heightened oversight of payments system integrity

What’s New:

Banks and savings associations should assess current payments fraud controls and consider responding to the RFI with practical industry insights. It’s also an opportunity to benchmark organizational practices in fraud detection, prevention, incident response, and consumer protection against OCC expectations. Institutions with significant payments volumes or complex payment channels may want to take proactive steps ahead of possible future guidance.

Comments: To read and/or comment, please see the full bulletin here.

For further information or inquiries about this alert, please visit High-risk Education.