PARLIAMENTARY WRITTEN QUESTION
Electronic Funds Transfer: Fraud (30 March 2022)

To ask the Chancellor of the Exchequer, what legislative steps he plans to take to tackle barriers to regulatory action against authorised push payment scams; what his timetable is for bringing forward such legislation; and whether those proposals will include amendment of the Payment Services Regulations 2017.

Asked by:
Dame Siobhain McDonagh (Labour)

Authorised Push Payment (APP) scams pose risks to UK customers, with increasingly sophisticated scams that can be detrimental to people’s lives. The Government recognises the urgency of this matter, and has therefore committed to legislate to address any barriers to regulatory action on mandatory reimbursement when parliamentary time allows. The Government will set out more detail on its approach in due course.

Answered by:
John Glen (Conservative)
19 April 2022