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UK reportedly poised to slash amount banks must refund to fraud victims
(www.theguardian.com)
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this post was submitted on 03 Sep 2024
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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.