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Conn. league helps CFA boost awareness on fake checks
Credit Union League of Connecticut President/CEO Tony Emerson (right) addresses the media at a press conference called by Consumer Federation of America (CFA) on its new Fake Check Scam initiative for credit unions and banks. At left is program host Susan Grant, CFA director of consumer protection, Washington, D.C. At center is Connecticut Banking Commissioner Howard Pitkin, who also spoke. (Photo provided by the Credit Union League of Connecticut)
MERIDEN, Conn. (9/16/10)--The Credit Union League of Connecticut participated in a press conference on Consumer Federation of America’s (CFA) newly inaugurated Fake Check Scam project, a national program that is being rolled out in Connecticut. The project is designed to educate and alert financial services personnel and the public about high-tech fake check scams. Working with the league and Connecticut Departments of Consumer Protection and Banking, CFA initiated its educational program to provide guidance on identifying fraudulent checks and avoiding becoming a victim. Participating credit unions and banks will hand out a CFA brochure, “Don’t Become a Target,” at teller stations when members/customers present a check for $1,000 or more to deposit or cash. “It is important and appropriate for us to participate not only because of the close relationship we have with our member credit unions, but also because of the strong relationship credit unions have with their members,” said Tony Emerson, league president/CEO. Connecticut was chosen as the first state for the project because seniors are especially susceptible to fraud, and the state has “a relatively high proportion of people 65 and older,” said Susan Grant, CFA director of consumer protection. “But I do want to stress that adults of all ages in every state are vulnerable to this type of scam,” she added (Republican Amercian.com Sept. 15). Connecticut is the first of at least 10 states expected to participate, CFA said. CFA also plans to conduct the program in Arizona, Colorado, Florida, Georgia, New York, South Carolina, Tennessee, Virginia and the Los Angeles area in California, Grant told News Now. State credit union leagues/associations will be involved in the program in each of the states, she added. The two-year project will end in December 2011 and is being funded by a grant from an anonymous donor. While only smaller community banks and credit unions have signed on, Grant said she hopes larger regional and national banks also will join the effort.


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