ABA endorses bill to crack down on social media scams
By ABA Banking Journal Staff
AI Summary
The ABA endorses a bill aimed at improving social media companies' response to fraudulent advertising; the legislation seeks to prevent scams before they occur.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities. The proposed bill applies broadly to all credit unions and financial institutions but is not specific to Texas.
Original Content
Proposed legislation would provide “a strong framework” to improve social media companies’ urgency in removing fraudulent advertising, “stopping countless scams before they start,” ABA President and CEO Rob Nichols said in a letter to the bill’s sponsors. The post ABA endorses bill to crack down on social media scams appeared first on ABA Banking Journal .