Written Question·Treasury·UIN 197636
Electronic Funds Transfer: Fraud
Tabled: 4 September 2023
Answered: 11 September 2023
Question
Sarah Owen
Labour — Luton North
To ask the Chancellor of the Exchequer, whether his Department has had discussions with payment service providers on mandatory protections for victims of authorised push payment scams.
Answer
Andrew GriffithThe Government recognises the threat posed to consumers by Authorised Push Payment (APP) fraud, with sophisticated scams that can be detrimental to people’s lives.That is why the Government has legislated in the Financial Services & Markets Act 2023 to en...
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