4 ms·
If it wasn't you. Reg E says you're not liable. Literally in the regulations. You will recover that $96,000. Anyone who has worked in bank industry will tell
by adrr 4y ago
If it wasn't you. Reg E says you're not liable. Literally in the regulations. You will recover that $96,000. Anyone who has worked in bank industry will tell you this.
- loa_in_ 4y agoYes, because we can take law at face value. So many court cases end up with result that comes from technicalities, like specific interpretation of who "you" are in the context of "transaction"
- adrr 4y agoReg e ties to your fdic insurance. Banks risk their fdic insurance if they are caught not following reg e. I don't know of anyone who lost money due to their account being hacked with the caveat they didn't share their login details to their spouse or kids and they reported the unauthorized transactions within 60 days.