UK Finance

152 results about this entity

Period: 02 Jan 2002 - 28 May 2025

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Scammers left to run riot on social media, Which? finds

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Scammers left to run riot on social media, Which? finds

Popular social media platforms such as Twitter, Instagram and Facebook have become a breeding ground and safe haven for criminals selling people's personal financial details, according to an investigation by Which? Money.

Banks join mobile industry to tackle Covid-19 scams

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Banks join mobile industry to tackle Covid-19 scams

The UK mobile industry, banking and finance sector and the National Cyber Security Centre (NCSC) have joined forces in a bid to block the spiralling use of scam text messages exploiting the Covid-19 crisis.

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Banking industry-funded police unit cracks down on Covid-19 text message scams in London

A specialist police unit funded by the banking industry has executed warrants in London and across the country in a crackdown on criminals sending scam text messages and emails exploiting the coronavirus outbreak.

/covid-19

UK banks dole out £1.1 billion in Coronavirus loans to SMEs

The banking and finance sector has lent over £1.1 billion to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), UK Finance has revealed today.

One-in-nine UK mortgage holders taking payment holidays

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One-in-nine UK mortgage holders taking payment holidays

Over 1.2 million UK mortgage holders have taken advantage of payment holidays offered by lenders, laying bare the economic devastation caused by Covid-19.

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Scam alert: Criminals using Covid-19 smishing text messages to target consumers

UK Finance is warning consumers to be on the lookout for “smishing” text message scams from criminals exploiting the coronavirus outbreak.

UK contactless limits raised to £45

/covid-19

UK contactless limits raised to £45

The UK has joined other countries around the world in lifting the ceiling for contactless card payments, enabling customers to make more payments without touching card terminals or handling cash.

APP fraud losses hit £456 million in 2019

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APP fraud losses hit £456 million in 2019

With authorised push payment (APP) fraud soaring, UK Finance is calling for cross-sector cooperation on a problem that still results in most victims not being reimbursed by banks, despite a recently introduced voluntary code of conduct.

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Banking industry-funded fraud squad prevents and disrupts £31.2m of fraud in 2019

A specialist police unit funded by the banking and finance industry prevented £31.2 million of fraud and disrupted 23 Organised Criminal Groups (OCGs) in 2019, new figures reveal.

UK banks extend deadline for funding APP fraud compensation

UK banks extend deadline for funding APP fraud compensation

The UK's largest banks have committed to extend funding to reimburse customers who fall victim to authorised push payment fraud by three months, pushing the expiry date for the interim arrangement from December to March 2020.

Pay.UK knocks back Faster Payments fees to cover APP fraud

Pay.UK knocks back Faster Payments fees to cover APP fraud

Proposals by seven UK banks to levy a per transaction fee for for certain Faster Payment transactions as a means to provide a long-term, sustainable funding arrangement for the reimbursement of APP scam victims, have been knocked back by governing body Pay.UK following an industry-wide consultation.

UK Finance: No silver bullet for solving local access to cash

UK Finance is today providing an update on the banking and finance industry’s commitment to help local communities secure appropriate free access to cash for customers.

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