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A comment on Bank of America just lost all Zelle transfers, for many customers. Parent comment

Re:Bank of America just lost all Zelle transfers, for many c... by Spivak on Wednesday January 18, 2023 @06:15PM (#34434513)
If we're in a hypothetical world where a major bank lost say millions of bank accounts and for some reason it was going to take months to correct it would hit the news, there would be emergency legislation blocking eviction, utility shutoff, and debt collection, and interest accrual as well as all the lost bank accounts being credited with a some amount as combination fine/stimulus.

The fear is when it's just you.

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Re:Bank of America just lost all Zelle transfers, for many c... by notch656c on Wednesday January 18, 2023 @06:50PM (#34434830)
Landlords tolerate eviction moratorium with covid because only a fraction of their tenants stopped paying.

I think a scenario where just a few million or whatever were effected you are correct. However if it was almost everyone, landlording would become a straight up mob. You'd have to employ violence and bypass the state to maintain the properties and enterprise. No one would rent out property the legal way if they couldn't collect the rents.

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Re:Bank of America just lost all Zelle transfers, for many c... by foogazi on Wednesday January 18, 2023 @09:15PM (#34435933)
> However if it was almost everyone

By the time it got to this another disaster already happened

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