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ABA: The American Bankers Association

Loss Avoidance Reporting Group

This reporting group tracks loss avoided due to banks’ prevention procedures. Loss avoidance is reported at the bank level and by the source of fraud attempts: ATM fraud; debit card fraud; Reg. E claims; check fraud back office, check fraud claims, deposit fraud, new account fraud, pre-charge-off collection, and organized customer scams. The loss avoidance amount is scaled by the number of transaction accounts.

Staff Contact: James Hitchcock

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