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Published 18:10 IST, September 25th 2024

UK regulator confirms slashed bank reimbursement cap for fraud victims

The PSR, which has reduced the cap from an earlier proposed 415,000 pounds after an 11th-hour consultation, said the new limit would cover over 99% of authorised push payment (APP) claims.

Reported by: Thomson Reuters
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18:10 IST, September 25th 2024