Electronic Funds Transfer: Fraud

(asked on 1st June 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to take further steps to protect people affected by authorised push payment fraud.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 8th June 2022

The Government is committed to tackling fraud within payment networks, including to protect people against Authorised Push Payment (APP) fraud. This is a priority.

The recent Queen’s Speech therefore confirmed that the government will legislate, when Parliamentary time allows, to remove barriers in law so that the Payment Systems Regulator is able to require banks to reimburse APP fraud losses.

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