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A comment on Robinhood Will Retool Checking Product Following Scrutiny. Parent comment
It was nothing new or groundbreaking, it was just a checking account with an unusual high interest rate.
The government inurement don't like that because there are two usual cases of unusual high interest rate:
* plain scams
* overoptimistic bank managers that can't pay the interest rate when they are due.
Sometimes it's difficult to distinguish the cases.
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It was nothing new or groundbreaking, it was just a checking account with an unusual high interest rate.
The government inurement don't like that because there are two usual cases of unusual high interest rate:
* plain scams
* overoptimistic bank managers that can't pay the interest rate when they are due.
Sometimes it's difficult to distinguish the cases.