NORTH WEST FRAUD FORUM

Bank fraud checks will wreak havoc on property market, lawyers warn

31 May 2024 12:16 PM | Anonymous member (Administrator)

House purchases could be severely disrupted by new rules designed to protect against fraud, experts have warned.

In an effort to detect “Authorised Push Payment” (APP) fraud, banks will be able to stop payments that they have flagged as suspicious for up to four days under incoming rule changes.

https://www.msn.com/en-gb/money/other/bank-fraud-checks-will-wreak-havoc-on-property-market-lawyers-warn/ar-BB1mYYuY


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