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Scoach3 t1_j1lc3x8 wrote

Reply to comment by Feellikedancing in TIFU by falling for a scam and losing over $1k by Oddballxx124

I've worked for 3 banks and 2 investments firms, scams are something you will almost never get back because they would have to give you their money to replace it and you gave away everything they needed to get to it.

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Oddballxx124 OP t1_j1ldnz1 wrote

Yeah that's fair. I'm glad the scammers didn't get everything at least

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Duality26 t1_j1nvyj3 wrote

This is wrong. Recent CFPB guidance and regulation e guidelines explicitly state that being the victim of a an account takeover is grounds for the transaction to be covered under the definition of an error, if the transaction is POS or ACH.

Liability for wires is different, however, as they are not covered under Reg e.

Anybody with Bank experience should note the criticality of regulatory definitions when trying to provide help.

Edit: OP is in Austraila, Reg E doesn't apply. Oof.

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