Senate panel backs voluntary trusted‑contact program to help banks detect fraud Senate File 4652 would authorize banks and credit unions to implement voluntary 'trusted contact' programs so a named person can be contacted if a bank detects fraud on an account; the Department of Commerce and bankers' association supported a flexible, opt‑in approach and the committee recommended the bill to general orders.

Minnesota is taking a bold step to combat account fraud with a new bipartisan bill that allows customers to designate trusted contacts for added security!

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