All the updated news related to lending standards board

All the news related to lending standards board updated in real time

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Personal Finance

Fraud ‘remains persistent threat to businesses, consumers and economic growth’

Fraud remains a persistent threat to businesses, consumers and the growth of the economy, not to mention the reputation of the UK, according to a banking and finance industry trade association. Criminal gangs are simply bypassing banks’ advanced ...

13 Oct 2022 at 16:18

Personal Finance

New requirements to reimburse victims of bank transfer scams set out

People who have been tricked into transferring money to fraudsters will be able to receive up to £415,000 back per claim under new requirements coming into force next year, a regulator has confirmed. The Payment Systems Regulator (PSR) outlined ...

21 Dec 2023 at 14:34

Bank transfer fraud reimbursement limit set to be cut under new plans

Personal Finance

Bank transfer fraud reimbursement limit set to be cut under plans

The maximum amount that banks would have to reimburse customers for when they have been tricked into sending money to a fraudster is set to be slashed under new plans. Mandatory rules will come into force from October 7, requiring banks to ...

04 Sept 2024 at 14:49

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