Fraud victims face ‘reimbursement lottery’ from their banks

Three-quarters of rejected compensation claims should have been accepted, watchdog finds

Scam victims are facing a “reimbursement lottery” when they ask their banks to compensate them for their losses, the consumer group Which? has claimed.

Three-quarters of customers who were turned down by their banks and took their cases to the financial ombudsman have been told that they should have received a payout, and the consumer group said with some banks this rose to eight in 10.

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