Earl of Kinnoull
Main Page: Earl of Kinnoull (Crossbench - Excepted Hereditary)Banks: Authorised Push Payment Fraud
Earl of Kinnoull Excerpts
Baroness Penn
The implementation of this is monitored by the regulator, and it will be responsible for ensuring that banks comply with that condition. Should anyone have needed to delay confirmation of payment and suffered fraud as a consequence, they will be fully compensated for it.
The Deputy Speaker (The Earl of Kinnoull) (Non-Afl)
My Lords, the time allotted for this Question has now elapsed. We therefore move on to the third Oral Question.