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Cost of Living Crisis: Working People

Money Box

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The Future of Payment Systems Regulators

The banks could bypass all this, couldn't they? If they did reimburse almost everybody as one of the banks, TSB already does. So all this work and all this argument about conflict of interest would disappear because the banks would simply say, okay, we'll follow the best practices in the industry and reimburse people. There will still be work to do, but this is a step forward. And I think that it will be an incentive to them to reduce this terrible scourge of online fraud.

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