BBC Money Box

Scam Special: Game Changing New Fraud Rules

--:--
In a special programme broadcast live from the Atrium in Quay House at MediaCityUK, Paul Lewis discusses a momentous change in the way banks treat customers who have money stolen from their bank accounts by what is called Authorised Push Payment Fraud. In 2023 a record number of people lost hundreds of millions of pounds to thieves who tricked them, manipulated them and then drained their bank accounts.On October 7th new rules will come into force which mean nearly all transfers will be covered, so that victims will be refunded in the vast majority of cases up to a limit of £85,000.Money Box gets hundreds of emails from people who've lost money to scams and frauds and this will be life changing for those who find themselves a victim of this kind of crime. To mark this change, the team will be joined by a panel of experts and people who've lost thousands of pounds in these sort of scams. Presenter: Paul Lewis
Reporter: Dan Whitworth
Researchers: Catherine Lund and Jo Krasner
Studio Producer: Sarah Rogers
Studio Managers: Pete Smith, Matthew Dempsey and Cameron Ward
Editor: Jess Quayle(First broadcast 12pm Saturday 5th October 2024)
2 Nov English United Kingdom Business

Other recent episodes

Money Box Live: Budget Breakdown

The Chancellor, Rachel Reeves, has announced her Budget but what does it mean for yours?Money Box Live is breaking down what the Budget mean for your finances, from pensions and Inheritance Tax to the cost of a pint. We hear from the experts who are on hand to answer your…
27 Nov 29 min

Budget Countdown and 'Finfluencers'

There are just a few days to go until Rachel Reeves stands up in Parliament to deliver her first Budget as Chancellor. Since the Labour Party won the election in July, there's been a huge amount of speculation about what she might do to plug what she calls a 22…
23 Nov 25 min

Money Box Live: Children's Finances

More than half a million young people are yet to claim their Child Trust Fund which could be worth up to £2,200 according to the government, but how do you know if your child has one or even how to get it? Plus with the Chancellor's budget on the way,…
20 Nov 28 min

Carer's Allowance and Child Trust Funds

It was a big week for carers as the Government announced an independent review into Carer's Allowance overpayments after families were told to pay back thousands of pounds, often pushing them into debt.The review will look at what happened, but in the meantime the Department for Work and Pensions has…
16 Nov 24 min

Money Box Live: Missing Out on Financial Support?

Each year it’s estimated that £23 billion worth of help and support – from housing benefits to pension credit – goes unclaimed according to Policy in Practice. We look at the kind of help that is available, and hear from listeners on their experiences trying to claim the benefits they’re…
13 Nov 28 min
All episodes