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It is because it's in their T&C's. And they fought tooth and nail for years to avoid being classified as a bank so the normal bank regulations and customer prot
by gambiting 4y ago
It is because it's in their T&C's. And they fought tooth and nail for years to avoid being classified as a bank so the normal bank regulations and customer protections don't apply to them.
- rchaud 4y agoWatch them magically reverse these policies once FedNow arrives and they actually have some competition.
- robin_reala 4y agoThey are a bank in the EU, couldn’t get around that one.
- lazide 4y agoBanks can do this too if you hit the right set of circumstances/red flags.