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BBC

Banks must refund fraud in five days but losses capped at £85,000

BBC
Summary
Nutrition label

79% Informative

UK banks must refund fraud victims up to 85,000 within five days under new rules.

Payment Systems Regulator ( PSR ) reduced maximum compensation from 415,000 .

Number of cases of authorised push payment fraud rose by 12% to 232,429 in 2023 , with losses totalling 459.7 m.

VR Score

82

Informative language

82

Neutral language

66

Article tone

informal

Language

English

Language complexity

45

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

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