Senate Panel Hears Plea for Action on Bank Spoofing Scams

Top Lobbyist Says Regulators Should Do More to Combat Caller ID Spoofing
A top U.S. banking lobbyist told a Senate panel Thursday there are limits to what financial institutions can do to stop scammers from draining individual banking accounts and called on regulators such as the Federal Communications Commission to do more to combat caller ID spoofing.

accounts action bank banking called caller id can communications federal federal communications commission financial financial institutions institutions panel regulators scammers scams senate spoofing