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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

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The Spokesman-Review

Checking-accounting scams are on the rise, partly riding the huge increase in the volume of automated checking account withdrawals and deposits as part of the nation’s wide acceptance of online banking. Regulators at the Federal Reserve issued a warning to banks last year citing “alarming changes” in the automated check-clearing process, in which “dishonest persons are using the automated clearing house to originate unauthorized debits.”