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UK lawmakers want bank payments 'speed bump' to stop scammers

A mandatory 24-hour delay on all first-time payments from one bank account to another would cut mounting fraud in finance, UK lawmakers said in a report on Friday.

UK lawmakers want bank payments 'speed bump' to stop scammers
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Parliament’s Treasury Select Committee said fraudsters stole over 600 million pounds from consumers in the first half of 2019 and regulators must crack down harder on scammers.

Read more at Reuters

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