Why is the UK slashing the maximum banks must refund to fraud victims?

APP fraud losses totalled £459.7m in 2023, with the total number of cases climbing to 232,429, the banking body UK Finance says.

2024-09-04  816  中等

The decision means that hundreds of people a year – possibly more – will be left out of pocket, and some will face six-figure losses. The watchdog now stands accused of caving in to the demands of banks, fintechs and some politicians.

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