Money Box

Romance scam refund and prepayment meter penalty


Listen Later

A Money Box investigation has resulted in a £150,000 refund for a vulnerable romance fraud victim, after their bank initially refused to reimburse. The victim's family were told that a voluntary code, known as the Contingent Reimbursement Model or CRM, designed to protect victims of fraud would not apply in their case, because the payments had been made to an international bank account. We look at what, if anything, banks can do to prevent payments to criminal accounts overseas.

In the Spring Budget the Chancellor promised to end the so-called prepayment meter penalty, where customers currently pay an extra £45 compared to direct debit customers. We look at how the new policy will work, and if it's feasible to level the playing field between pre-payment meter customers and direct debit customers long term. And where does this leave customers who pay by cash or cheque?

The Department for Levelling Up, Housing and Communities has announced another extension to the Help to Buy Equity loan scheme. For many buyers this extension came at the last possible moment, the previous deadline was the 31st March and some stood to lose their sales. Other buyers had already received their deposits back and won't benefit from the two-month extension. We hear from a buyer and a conveyancing solicitor.

Presenter: Dan Whitworth

Reporter: Aruna Iyengar and Dan Whitworth
Researchers: Sandra Hardial and Jo Krasner
Editor: Beatrice Pickup

...more
View all episodesView all episodes
Download on the App Store

Money BoxBy BBC Radio 4

  • 4.1
  • 4.1
  • 4.1
  • 4.1
  • 4.1

4.1

21 ratings


More shows like Money Box

View all
Global News Podcast by BBC World Service

Global News Podcast

7,913 Listeners

More or Less by BBC Radio 4

More or Less

863 Listeners

Newshour by BBC World Service

Newshour

1,067 Listeners

Wake Up to Money by BBC Radio 5 Live

Wake Up to Money

50 Listeners

The Martin Lewis Podcast by BBC Radio 5 Live

The Martin Lewis Podcast

86 Listeners

In Our Time by BBC Radio 4

In Our Time

5,576 Listeners

The Documentary Podcast by BBC World Service

The Documentary Podcast

1,808 Listeners

6 Minute English by BBC Radio

6 Minute English

1,729 Listeners

Learning English Conversations by BBC Radio

Learning English Conversations

1,018 Listeners

The Infinite Monkey Cage by BBC Radio 4

The Infinite Monkey Cage

1,952 Listeners

The Bottom Line by BBC Radio 4

The Bottom Line

38 Listeners

This is Money Podcast by This is Money

This is Money Podcast

31 Listeners

The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

95 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

18 Listeners

Any Questions? and Any Answers? by BBC Radio 4

Any Questions? and Any Answers?

43 Listeners

Newscast by BBC News

Newscast

745 Listeners

Death in Ice Valley by BBC World Service

Death in Ice Valley

2,734 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

13 Listeners

Sliced Bread by BBC Radio 4

Sliced Bread

143 Listeners

Which? by Which?

Which?

10 Listeners

You're Dead to Me by BBC Radio 4

You're Dead to Me

3,245 Listeners

The Bomb by BBC World Service

The Bomb

1,010 Listeners

The Rest Is Money by Goalhanger

The Rest Is Money

195 Listeners

Making Money by Damien Jordan & Timeyin Akerele from Most

Making Money

10 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

38 Listeners