I would. Thank you, Madam Chair.
This amendment would require banks to compile, without identifying the victim, each consumer-targeted fraud transaction detected or brought to their attention in the previous quarter, and to compile quarterly data into an annual statistical report published in their annual report to shareholders.
This again emanates from a written submission from Democracy Watch, which noted:
Currently, proposed new sections 627.134 and 627.135 will keep each bank's account fraud record secret. That denies customers key information they need to know, and have a right to know, when choosing which bank they want to use for their accounts.
I would urge my colleagues to support this amendment.
