A new mandatory scheme to protect fraud victims will launch next month, but a last-minute change to reduce the reimbursement limit on claims from £415,000 to £85,000 has been proposed, which could mean that victims of high-value frauds, such as conveyancing scams, will lose out.
Make sure you understand the new rules and find out what you can do if you think your bank hasn't handled your claim correctly.
See what's changing
Source: Which? (04 Sep 2024)