Amends the Expedited Funds Availability Act to allow exceptions for fraudulent checks and wire transfers.

The bill amends the Expedited Funds Availability Act to provide exceptions for fraudulent checks and wire transfers. It allows depository institutions to delay funds availability if they have reasonable suspicion of fraud. The bill also mandates monitoring of compliance with these requirements and outlines rules for applying exceptions in cases of greater fraud risk.

Amends the Expedited Funds Availability Act to allow exceptions for fraudulent checks and wire transfers.

The bill amends the Expedited Funds Availability Act to provide exceptions for fraudulent checks and wire transfers. It allows depository institutions to delay funds availability if they have reasonable suspicion of fraud. The bill also mandates monitoring of compliance with these requirements and outlines rules for applying exceptions in cases of greater fraud risk.