A Virginia Beach delegate has introduced legislation aimed at protecting consumers from a fraud scheme that has victimized more than 500 people across the region, following an ongoing WTKR investigation into what federal prosecutors call the “parking lot scam.”
House Bill 190, proposed by Delegate Kelly Convirs-Fowler from District 96, would require financial institutions to temporarily suspend accounts, reverse fraudulent transactions, and prevent further fraud once they become aware of fraudulent activity.
The proposed legislation states that financial institutions would be required to take reasonable measures once they are receive knowledge of fraudulent activity. It would also require them to provide consumer education materials to the account holder…