MPs demand action from banks after Toronto woman left on hold as taxi scammers drained her account

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March 16, 2021 – Members of a federal government committee that regulates Canadian banking say they want the big banks to provide consumers a faster avenue to shut down fraud on their accounts — or face further action.

The moves come after a CTV News Toronto investigation into a widespread fake taxi scam that showed how cunning fraudsters duped Torontonians wanting to help others during the pandemic — and then exploited weaknesses in fraud detection system to make off with thousands per case. CTV News reports. | READ MORE