Fraud happens, the bank knows it, and if they have a system flaw they won't just blame the customer. The reputational risk isn't worth it. Also, it isn't FDIC insurance at issue, read up on Reg E claims. Retail…
Financial licenses are issued by FINRA (Financial Regulatory Authority). A main focus of the general exam and the supervisory exam (the Series 7 and 24) is 'dealing with the public.' The industry relies on the idea that…
Fraud happens, the bank knows it, and if they have a system flaw they won't just blame the customer. The reputational risk isn't worth it. Also, it isn't FDIC insurance at issue, read up on Reg E claims. Retail…
Financial licenses are issued by FINRA (Financial Regulatory Authority). A main focus of the general exam and the supervisory exam (the Series 7 and 24) is 'dealing with the public.' The industry relies on the idea that…