We passed six bills this afternoon that were passed by very large margins. Two had to do with wiring money. H.F. 194 is particularly relevant because there are so many scams going on. It requires the money transmitter to notify the sender when someone tries to receive wired funds at a location other than the location specified by the sender. AARP sent a letter of support saying these scams often target the elderly.
Too often, the sender believes the money is going to help a grandchild or a friend in a particular state or country, but the money is actually being transferred to a fraud “hotspot” in a different location.