HSBC calls on tech firms to help refund victims of fraud
TheGuardian
SEPTEMBER 22, 2024
Bank says new UK compensation rules will fail to curb APP scams and prove financial sector is not the problem HSBC has thrown its weight behind calls for tech firms to pay up for fraud, saying incoming compensation rules requiring banks to reimburse scam victims up to £85,000 will fail to stem the flow of fraud and prove that the financial sector is not the problem.
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