Scott Simpson: Minister for Commerce and Consumer Affairs on new protections requiring banks to reimburse fraud victims up to $500,000
Early Edition with Ryan Bridge · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
A 24/7 reporting channel is just one of the new anti-scamming measures banks are implementing.
The suite of consumer protections will be rolled out this year.
Banks will also now reimburse victims up to $500,000 if they fail to adequately warn and protect consumers.
Commerce and Consumer Affairs Minister Scott Simpson tells Francesca Rudkin telco companies and digital platforms should follow suit.
He says other players in the scam ecosystem need to step up.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.