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Podcast: How the SCAM Act would encourage platforms to go after scammers

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The brief below is a reading aid. The original source material and source link remain the governing reference.

Operational Brief

The article discusses the SCAM Act, which aims to encourage tech platforms to take more action against scammers who use their sites for fraudulent activities. The act seeks to address the financial incentive these platforms have from hosting scam advertisements.

Why It Matters for Texas Credit Unions

The article does not explicitly mention Texas, TX, TCUD, or any Texas-specific entities. It discusses a broader issue that applies to all credit unions but is not specific to Texas.

Who this most likely affects

Bounded site guidance: This item is most likely relevant for finance, accounting, and executive teams responsible for regulatory reporting or balance-sheet oversight.

Why this fit: The source language points to financial reporting, capital, or balance-sheet oversight rather than a narrow operational function.

This is site guidance, not a formal determination. ABA Banking Journal and the original source material remain the governing reference.

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Original Source Material

Major tech platforms make billions of dollars from scammers who advertise on their sites, according to reporting from Reuters, and there’s not much incentive for them to change their practices — yet. The post Podcast: How the SCAM Act would encourage platforms to go after scammers appeared first on ABA Banking Journal .