Rocio Concha, Which? Director of Policy and Advocacy, said:
“It’s good to see the government moving quickly on this important legislation, which will pave the way for protection of access to cash for millions of people who rely on it and give reassurance to consumers that they will have greater protection against suffering significant losses if they fall victim to a bank transfer scam.
“This is a wide-ranging Bill. Which? will be scrutinising the legislation closely to ensure that adequate consumer protections are in place, and is ready to work with the government and regulators as this Bill progresses through parliament.”