Payment and deposit fraud continues to accelerate in both volume and sophistication, placing increased pressure on credit union compliance teams to respond quickly while maintaining sound governance and member trust. In this session, experienced financial services attorneys will examine the most prevalent payment and deposit fraud issues facing credit unions today and translate emerging risks into practical compliance strategies. 

The discussion will focus on how fraud trends intersect with regulatory expectations, internal controls, vendor management, and member-facing policies. Panelists will walk through common breakdowns they see in real-world scenarios ranging from check fraud resurgence to account takeover and transaction-based schemes and highlight where compliance programs often fall short. The session will also address elder financial abuse considerations and state-specific reporting obligations, including Texas’s unique regulatory framework. Attendees will gain insight into how to evaluate fraud-prevention tools and vendors through a compliance lens, including due diligence considerations, contractual risk allocation, and ongoing oversight responsibilities. 

The session will also emphasize the importance of treating fraud prevention as an evolving process rather than a one-time solution. Topics will include strengthening policies and procedures through targeted training, conducting periodic reviews of rules and thresholds, coordinating across operations and compliance functions, and ensuring member agreements align with current risk profiles. Throughout the program, panelists will share practical takeaways and best practices designed to help compliance professionals proactively identify gaps, respond to incidents, and adapt their programs as fraud tactics continue to evolve.