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> Banks [...] will face meaningful consequences for getting this wrong with any regularity That's false, unfortunately. There's amazing levels of discretion th
by bonsai_spool 10mo ago
> Banks [...] will face meaningful consequences for getting this wrong with any regularity
That's false, unfortunately. There's amazing levels of discretion that banks enjoy and minimal accountability to end users. The CFPB (in the USA, anyway) was a countermeasure but has been recently weakened.
- swat535 10mo agoThe point is that you have more recourse when dealing with banks than you do with big tech thanks to legislation.