Monzo Among Banks Lagging On Fraud Refund Code

Challenger bank Monzo is among some of the UK’s best-known lenders who have still not signed up to a voluntary industry code to reimburse victims of spiralling push payment fraud.

Consumer group Which?, which has aggressively challenged banks over authorised push payment (APP) scams, published a hit list of banks on Thursday that have not signed up to a voluntary reimbursement code which came into effect on May 28.

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