ICBA sent a comment letter to the Consumer Financial Protection Bureau in regards to a petition to shorten maximum permissible hold times for deposited funds. ICBA said that that shortening check hold times would limit banks’ ability to detect and mitigate instances of check fraud, which would ultimately harm consumers and businesses. ICBA also noted that, for consumers and businesses that need faster access to funds, the industry’s deliberate move toward instant payments networks is helping to make the payments ecosystem faster, more secure, and more efficient.