The Federal Reserve's proposed check fraud survey is likely to show that the crime is on the rise, an industry expert said.

"I'll be surprised if they don't find that the problem is worse," said Bruce Brett, senior vice president at Signet Bank in Richmond, Va., and former chairman of the American Bankers Association's check fraud task force. "There are two reasons. For one, it probably is worse. And two, the banks are more attuned to the problem now."

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