News & Analysis as of

Financial Services Industry Reimbursements Financial Conduct Authority (FCA)

Hogan Lovells

APP fraud: UK PSR consults on reducing the maximum level of reimbursement

Hogan Lovells on

Following industry feedback - in particular prudential concerns for some smaller firms in the market – and work with the FCA, the Payment Systems Regulator (PSR) is consulting on a proposal to reduce the maximum level of...more

BCLP

Play Safe - How scam-proof are you in the new world of mandatory reimbursement for APP fraud?

BCLP on

Imagine this – a customer submits a payment instruction directing that all their life savings are transferred to a third-party account for the purposes of an investment. What do you do? While the scenario may appear...more

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