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.
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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