ABA Banking Journal Hidden

SCAM Act introduced in House

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Operational Brief

Two House lawmakers introduced legislation directing social media companies to combat fraudulent advertisements; a companion bill was recently introduced in the Senate.

Why It Matters for Texas Credit Unions

The article does not explicitly mention Texas, TCUD, or any Texas-specific entities. The proposed legislation applies generally to social media companies and credit unions nationwide.

Who this most likely affects

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The item has some Texas or operational relevance signals, but the site does not yet have enough support to narrow it to one institution profile with confidence.

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

Two House lawmakers have introduced legislation directing social media companies to take steps to fight fraudulent advertisements on their platforms. A companion bill was recently introduced in the Senate. The post SCAM Act introduced in House appeared first on ABA Banking Journal .