Rep. Young Kim’s STOP Payments Fraud Act Passes House Financial Services Committee

This press release from Representative Young Kim (R-CA) was published on 2026-06-30 and titled "Rep. Young Kim’s STOP Payments Fraud Act Passes House Financial Services Committee".

Rep. Young Kim’s STOP Payments Fraud Act Passes House Financial Services Committee

WASHINGTON, D.C. – Today, the House Financial Services Committee passed the STOP Payments Fraud Act, legislation led by Representative Young Kim (CA-40) to protect consumers and financial institutions from the rising threat of check and wire transfer fraud. Check fraud has surged in recent years, with criminals stealing more than $1.3 billion from consumers and [ ] The post Rep. Young Kim’s STOP Payments Fraud Act Passes House Financial Services Committee first appeared on Congresswoman Young Kim .