Groups want big tech social media firms to pay up to £40m a year to reimburse customers after years of shouldering cost of fraud
A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms.
The demand came in a ‘financial services manifesto’ released by UK Finance, which represents banks, payments companies and other financial firms.
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