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People are welcome to challenge the banks in court. It will be no skin off my back if they win. But I guess the banks have good reason that believe that they ca
by asdfasgasdgasdg 4y ago
People are welcome to challenge the banks in court. It will be no skin off my back if they win. But I guess the banks have good reason that believe that they can defend their practices successfully. If not it will be the end of Venmo, cash app, and zelle -- or at least the free transfer features of those apps.
- brigade 4y agoThe "good reason" is that it's an extension of how banks have always treated fraudulent debits until you show knowledge of the Reg E dispute process, so it makes it outside of first-level customer support. And it won't be the end of free electronic transfers, it'll just mean acknowledging that those transfers aren't any more final than writing a check.