Electronic Funds Transfer: Fraud
Commons · Question 72993 · Tabled 29 Aug 2025 · Treasury · Official record
Answered 4 Sep 2025
Question
Asked by John Whitby
To ask the Chancellor of the Exchequer, what steps she is taking to ensure that banks abide by the Payment Systems Regulator's new mandatory reimbursement framework and swiftly investigate cases of APP fraud.
Answer
Answered by Emma Reynolds, 4 Sep 2025
The Government takes the issue of fraud very seriously and is dedicated to protecting the public from this appalling crime. The Payment Systems Regulator (PSR) is the independent regulator with responsibility for the Authorised Push Payment (APP) scam rei...