Next UK government should introduce scams legislation, says City lobby group
by Kalyeena Makortoff Banking correspondent from World news | The Guardian on (#6N5C0)
Group wants big tech social media firms to pay up to 40m a year to reimburse customers after years of shouldering cost of fraud
A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to 40m a year to reimburse customers and fight fraud on their platforms.
The demand came in a financial services manifesto' released by UK Finance, which represents banks, payments companies and other financial firms.
Continue reading...