Money Box
BBC Radio 4
Categories: Business
Listen to the last episode:
New regulations aim to ensure that victims of fraud are treated fairly, no matter who they trust with their money. The financial watchdog, the Payment Systems Regulator, says many firms are not doing enough to refund victims of authorised push payment fraud. Currently the majority of high street banks are signed up to a voluntary charter that makes banks liable for customer losses. However many people hold accounts with firms known as Electronic Money Institutions, or EMIs. Such firms are regulated by the Financial Conduct Authority but do not have a banking licence. The new rules from the Payment Systems Regulator will be mandatory for both banks and EMIs. When they come into force in October they should cover nearly all payments made by individuals in the UK except international ones and those involving cryptocurrency. We hear from Money Box listener Carol, who had to spend a year fighting to get the money stolen from her refunded. New changes to the way ISAs, Individual Savings Accounts, simpler come in this month. Officially they should mean that savers now have the option to open more than one cash or stocks & shares ISA in the same year. We look at whether providers will be allowing customers to take advantage. And how do you pay for your car insurance? A new report from the consumer organisation Which? found that it can cost much more if you opt for monthly payments. A survey of 39 car insurance providers found an average APR of over 23% was charged for monthly payments, and the highest APR found was over 39%.
Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Sandra Hardial and Jo Krasner Editor: Beatrice Pickup
(first broadcast Saturday 20th April 2024)
Previous episodes
-
1214 - New Fraud Refund Rules and ISA Changes Sat, 18 May 2024
-
1213 - Money Box Live: Can you afford your car? Wed, 15 May 2024
-
1212 - Carer's Allowance and Car Insurance Costs Sat, 11 May 2024
-
1211 - Money Box Live: Can you Beat your Bills? Wed, 08 May 2024
-
1210 - National Insurance Cut and Council Tax Debt Sat, 04 May 2024
-
1209 - Money Box Live: Resenting Renting? Wed, 01 May 2024
-
1208 - April Changes: National Living Wage, ISAs and Energy Sat, 27 Apr 2024
-
1207 - Money Box Live: How Do Wills Work? Wed, 24 Apr 2024
-
1206 - Pension Freedoms and Flee Funds Sat, 20 Apr 2024
-
1205 - Money Box Live: Mortgages and Debt Wed, 17 Apr 2024
-
1204 - Crypto-Related Fraud and Mortgage Arrears Sat, 13 Apr 2024
-
1203 - Money Box Live: childcare Wed, 10 Apr 2024
-
1202 - Financial Abuse Thu, 04 Feb 2021
-
1201 - MBL: Fraud Wed, 03 Feb 2021
-
1200 - Self-employment income support scheme discrimination claims Sat, 30 Jan 2021
-
1199 - Travel Wed, 27 Jan 2021
-
1198 - Students left without access to student finance Sat, 23 Jan 2021
-
1197 - MBL: Leasehold Reform Wed, 20 Jan 2021
-
1196 - Getting your credit balance back from your energy supplier Sat, 16 Jan 2021
-
1195 - MBL: Cryptocurrencies Wed, 13 Jan 2021
-
1194 - Brexit and your money Sat, 09 Jan 2021
-
1193 - Financial Education Thu, 07 Jan 2021
-
1192 - A vision of our financial future Sat, 02 Jan 2021
-
1191 - MBL: Charity fundraising Wed, 23 Dec 2020
-
1190 - Regulator "flawed approach" to minibond firm Sat, 19 Dec 2020
-
1189 - Rise in complaints about banks to Ombudsman Sat, 12 Dec 2020
-
1188 - MBL: Shared Ownership Wed, 09 Dec 2020
-
1187 - Fraud victims facing salary deductions Sat, 05 Dec 2020
-
1186 - Payment Holidays Wed, 02 Dec 2020
-
1185 - Fraud in the Direct Debit system Sat, 28 Nov 2020
-
1184 - MBL: What does the Spending Review mean for you? Wed, 25 Nov 2020
-
1183 - Parents not able to claim Test and Trace Support Payment Sat, 21 Nov 2020
-
1182 - MBL: Record redundancies Wed, 18 Nov 2020
-
1181 - Warm Home Discount 'lottery' Sat, 14 Nov 2020
-
1180 - MBL: The "excluded" self-employed Wed, 11 Nov 2020
-
1179 - Refused a home Covid test Sat, 07 Nov 2020
-
1178 - MBL: Can I afford a baby? Wed, 04 Nov 2020
-
1177 - The end of furlough Sat, 31 Oct 2020
-
1176 - MBL: Lockdown Entrepreneurs Revisited Wed, 28 Oct 2020
-
1175 - Tier 3: The last shift Sat, 24 Oct 2020
-
1174 - Looking for work Wed, 21 Oct 2020
-
1173 - Why can't I get an NI number? Sat, 17 Oct 2020
-
1172 - MBL: Mortgages for first time buyers Wed, 14 Oct 2020
-
1171 - Airbnb agrees to share tax data with HMRC Sat, 10 Oct 2020
-
1170 - MBL: Eviction Bans Wed, 07 Oct 2020
-
1169 - City's plan to end poverty in 10 years Sat, 03 Oct 2020
-
1168 - MBL: Personal Insurance Wed, 30 Sep 2020
-
1167 - Are car warranties worth it? Sat, 26 Sep 2020
-
1166 - MBL: Armed Forces Financial Help Wed, 23 Sep 2020
-
1165 - Ex-pat bank accounts closed due to Brexit Sat, 19 Sep 2020