Electronic Funds Transfer: Fraud
Commons · Question 81282 · Tabled 13 Oct 2025 · Treasury · Official record
Answered 17 Oct 2025
Question
Asked by Damian Hinds
To ask the Chancellor of the Exchequer, what steps she is taking to ensure that victims of high value Authorised Push Payment fraud are adequately protected under the mandatory reimbursement scheme.
Answer
Answered by Lucy Rigby, 17 Oct 2025
The Government takes the issue of fraud very seriously and is dedicated to protecting the public from this appalling crime. To protect consumers, under the Financial Services and Markets Act 2023, the Payment Systems Regulator (PSR) has introduced a manda...