The payments regulator has let banks off the hook meaning that customers will be left vulnerable to fraudsters, according to Which?.
The consumer group made a super complaint to the Payments Systems Regulator (PSR) regarding the increase in fraud over the phone, internet and on mobiles, the BBC reports. In response, the PSR has said that banks must do more to tackle scams where people are tricked in transferring money to a fraudster. But the PSR has also said that banks will not be forced to compensate customers who are left out of pocket.
Speaking to the Today programme, Hannah Nixon, managing director of the PSR, says they looked at that option ‘very carefully’ but ‘there isn’t the evidence to support that at the moment’. Housing The Telegraph reports that house price growth in London has slowed to the lowest rate in more than three years. It cites a study by Hometrack which found that the rate of house price growth in the 12 months to November in the capital fell to 7.6
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