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A comment on Warren Calls Out Wells Fargo and Zelle for “Evasive” Responses about Fraud. Parent comment

Re:Warren Calls Out Wells Fargo and Zelle for “Evasive” Resp... by miohtama on Wednesday November 09, 2022 @07:48PM (#33540603)
60% of fraud is “friendly fraud” where you send your money to your associate (or make online card payment), call bank, accuse fraud and double your money.

Alternative demand money back from a completely fine product and delivery.

With too much consumer protection friendly fraud goes up easily. People will scam the system other way around.

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