questionText: To ask the Secretary of State for the Home Department, if he will bring forward legislative proposals to require banks to compensate victims of fraud in circumstances in which anti-fraud banking protocols have not been followed.
answerText: To protect victims against authorised push payment (APP) scams, ten of the UK’s largest banks are currently signed up to the voluntary Contingent Reimbursement Model (CRM) Code. In 2022, £248m of losses to APP scams were reimbursed to victims under the co...
heading: Bank Services: Fraud