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.
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.