Banks Avoid Greater Fraud Liability, But Challenges Loom

[Gunnar Larson]

Banks Avoid Greater Fraud Liability, But Challenges Loom

By Christopher Crosby

A landmark decision by Britain's highest court on Wednesday, which said
that Barclays does not owe a legal duty to protect customers from
themselves, has curbed the liability of lenders for a growth in
sophisticated scams targeting consumers, lawyers say.

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