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Banks to Flag Benefit Eligibility | Leicester News

Banks to Flag Benefit Eligibility | Leicester News

Published 1 week, 4 days ago
Description

UK banks soon get new powers to flag suspicious benefit claims—watching for savings over £16k or overseas access—without seeing your spending. Only limited data like names and dates of birth will be shared, and no transaction history. A “Test and Learn” phase kicks off as the government aims to cut £9.6bn in fraud and errors.

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