California-based Village View Escrow Inc. filed a complaint with the California Superior Court, Los Angeles, against Professional Business Bank. The suit raises questions about “good faith,” reasonable security and compliance with FFIEC guidelines. In 2010, a District Court magistrate found that Ocean Bank’s online security in 2009 could have been better. In December 2009, EMI filed its suit against Comerica, after more than $550,000 in fraudulent wire transfers were approved. The EMI ruling is giving attorneys more ammunition, allowing them to move beyond the black and white terms of contracts.”]
Source: https://www.bankinfosecurity.com/new-ach-fraud-suit-filed-a-3864