Quote:
Originally Posted by Slava
It's entirely to protect people. The concern is that people withdraw the money for a scam and then come after the financial institution to say "you should've protected me (or my parent or whomever)". I'm a little surprised to see that for $8k, but I guess that's the world we live in these days.
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Which absolutely happens. We do some conversation monitoring for work with a big bank and the number of times people will go on social media and put a bank on blast after they get scammed because the bank won’t just make them whole again is surprisingly high. Cash, e-transfer, whatever. People will give scammers hundreds or thousands of dollars and then just turn to the bank and say “How could you let this happen?”
People are ####ing dumb.