Checking Account Fraud Is Increasing - Automated Payments Give Rise to Scams

Surprisingly candid opinion from FTC's Director of Consumer Protection:

The FTC's Beales does not believe that tougher rules would deter checking account fraud. "I don't disagree that this is a threat the financial system needs to respond to. But whatever you do, thieves are going to look for ways around it," he said. "The people we're talking about don't pay a whole lot of attention to the rules."