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2026-10-24 03:55:48 UTC

Mr Penguin on Nostr: We regularly have to explain to customers that their bank has put up friction and ...

We regularly have to explain to customers that their bank has put up friction and it's why their card is being declined. Many financial institutions restrict purchases to $1000 and non-domestic transactions.

None of this stops the scammers. Banks can't stop scammers. They can take steps to properly authenticate the individuals they're issuing loans to however and humorously they don't which is why they should be liable when people claim they didn't take out a loan. Where is the evidence a given individual took out a given loan? Is that the social security number and a signature you can't even compare to the persons real signature? Yea... it's sad.

Politicians and humans suck. Scammers suck, your average ignorant human sucks that is the victim, and the financial institutions suck for refusing to properly authenticate those they are issuing loans to.