Podcast: How the SCAM Act would encourage platforms to go after scammers
By ABA Banking Journal Staff
AI Summary
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.
Texas Relevance
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.
Original Content
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 .