TCUL, Banks Find Common Ground in Fraud Fight

DALLAS – The Texas Credit Union League has teamed up with local financial institutions and law enforcement agencies to take a stand against fraud and identity theft. Supported by the Texas Attorney General’s Office, Texas Department of Public Safety and the FBI, the Loss Avoidance Alert System will be managed by the SouthWestern Automated Clearing House Association. In addition to TCUL other network members include the Independent Bankers Association of Texas, the Texas Savings Association and the Texas Savings and Community Bankers Association. Antifraud network participants can post notices about forgeries, counterfeit checks, lost checks and other suspected illegal activity. In addition, the network can be used for researching past abusers to identify patterns of behavior. Some 1,200 financial institutions, including over 600 credit unions here are eligible to join LAAS.