3/21/2013

The Justice Department's Financial Fraud Enforcement Task Force has been focused on misconduct related to the financial crisis, but the division is now looking into the role banks play in enabling payments for consumer scams and other industries, such as payday lending and auto loans. "The reason that we are focused on financial institutions and payment processors is because they are the so-called bottlenecks, or choke points, in the frauds committed by so many merchants that victimize consumers and launder their illegal proceeds," said Michael Bresnick, head of the task force.

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