Treasury Committee Chair welcomes strengthened proposals for mandatory fraud refunds

Wednesday, 7 June 2023 22:39

Commenting on new proposals from the Payment Systems Regulator (PSR) for victims of authorised push payment fraud to be reimbursed by their bank, Harriett Baldwin MP, Chair of the Treasury Sub-Committee on Financial Services Regulations, said: “We’ve heard truly shocking and heart-breaking stories of individuals whose lives have been turned upside down by criminal fraudsters, which is why we’ve been calling for the regulator to be robust in using its powers to...Request free trial