VA HB190

Directs the Office of the Attorney General to convene a work group reviewing the federal Electronic Funds Transfers Act (EFTA) and Regulation E to address fraudulent activity in electronic fund transfers

Requires the work group to assess reports of fraud including impersonation scams, phone and digital fraud schemes, and other misrepresentations designed to induce financial fraud

Work group must develop recommendations to help Virginia residents prevent and mitigate electronic fund transfer fraud beyond existing federal requirements

Membership includes representatives from the Attorney General's Office, State Corporation Commission's Bureau of Financial Institutions, banks, credit unions, consumer advocacy groups, and other stakeholders

Findings and recommendations must be submitted to the House Committee on Labor and Commerce and Senate Committee on Commerce and Labor by December 1, 2026