Rep. Young Kim Introduces STOP Payment Fraud Act to Protect Consumers from Financial Fraud

This press release from Representative Young Kim (R-CA) was published on 2026-06-18 and titled "Rep. Young Kim Introduces STOP Payment Fraud Act to Protect Consumers from Financial Fraud".

Rep. Young Kim Introduces STOP Payment Fraud Act to Protect Consumers from Financial Fraud

WASHINGTON, D.C.—Today, Congresswoman Young Kim (CA-40), a member of the House Financial Services Committee, introduced the Strengthening Transaction Oversight and Preventing (STOP) Payments Fraud Act, which allows financial institutions to place extended holds on suspicious checks and wire transfers while potential fraud is investigated. Check fraud has surged in recent years, with criminals stealing more [ ] The post Rep. Young Kim Introduces STOP Payment Fraud Act to Protect Consumers from Financial Fraud first appeared on Congresswoman Young Kim .