'We are already the honey pot': scam victims say powerful banking lobby is blocking compensation

Banks and government say mandatory reimbursements will only attract scammers. But critics argue that system works well in the UK Get our morning and afternoon news emails, free app or daily news podcast When the assistant treasurer started his National Press Club address on government reforms to stop financial scams, he made a point of acknowledging the heads of the banking lobby and the chief executive of Westpac. To scam victims who hold the banks responsible for their personal losses, the Ste...