If you fall for a scam, who should pick up the bill?
Scams are becoming more common and more sophisticated. As quickly as safeguards are developed to protect people, scammers are finding workarounds. And if you do fall victim to a scam, does your bank owe you anything? Alexandra Posadzki joins The Decibel to discuss what current regulations say about who is liable for losses from a scam, the risks for consumers and whether the current system reflects who is actually party to a scam.
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Show Notes
Scams are becoming more common and more sophisticated. As quickly as safeguards are developed to protect people, scammers are finding workarounds. And if you do fall victim to a scam, does your bank owe you anything?
Alexandra Posadzki joins The Decibel to discuss what current regulations say about who is liable for losses from a scam, the risks for consumers and whether the current system reflects who is actually party to a scam.
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