CALLS for a fraud prevention league table for banks are being backed by MP Tim Farron.

The Westmorland and Lonsdale MP says people have "a right to know how safe their money is", and he wants consumers to have more information when choosing where to bank.

Back in October, Mr Farron tabled a motion in the House of Commons calling on the banking regulator to impose fines on banks that do not help fraud victims. This followed the case of Arnside couple Jane and Stephen Caldwell, who lost more than £100,000 through a banking scam earlier this year.

A report from the House of Commons Public Accounts Committee - "The growing threat of online fraud" - warns that online fraud is now the most prevalent crime in England and Wales. Mr Farron says the report claims banks are not doing enough to tackle online fraud.

The MP said: "People have a right to know how safe their money is.

"They also have a right to know at least something about an individual bank's record on protecting customers from fraud, so they can make an informed decision about how safe their hard-earned savings are.

"A league table system would not only provide this information, but it would also promote a race to the top in the banking sector."