🕒 Created

Scott Anchin warns consumers that check fraud is rising as paper checks become less common in the United States.

Scott Anchin, senior vice president of strategic initiatives and policy at the Independent Community Bankers of America, noted that check fraud is increasing even as the number of checks in circulation declines. Federal data from 2025 shows that Americans lost more money to check fraud than to debit card or gift card scams.

Show the rest of this summary

While consumers write fewer checks, the amounts are typically larger, such as for tax bills or paying contractors, which increases the stakes for thieves. Criminal gangs now use technology to steal and alter checks in mass quantities. Fraudsters can

Sources

Paywall and unreadable sources