Regulator said to be planning cut to maximum amount available to victims from £415,000 to about £85,000
Archived version: archive.ph/46uXf
SpinScore: spinscore.io/?url=https%3A%2F%2Fwww.theguardian.c…
So… they plan on having a lot more fraud then?
UK reportedly poised to slash amount banks must refund to fraud victims
Submitted 2 months ago by BrikoX@lemmy.zip to globalnews@lemmy.zip
some_guy@lemmy.sdf.org 2 months ago
Yeah, that’s great for people, do that. /s
manualoverride@lemmy.world 2 months ago
The title is misleading, this is new legalisation, the current amount that has to be refunded is £0.
It’s in consultation, £415k would be nice… but £85k is still better than nothing, and will fully protect the vast majority of fraud victims.