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Jblx2today at 8:02 PM2 repliesview on HN

>FedNow

There is no recourse if something goes wrong with FedNow, right? Like you get scammed, and the scammer just keeps the money. Seems like a pretty big difference (in theory anyway) to PayPal. Although I'm apparently not the right guy to ask, since I really don't see the use case for PayPal vs. credit card.


Replies

toomuchtodotoday at 8:37 PM

Regulation E applies to FedNow instant payments as it applies to payer recourse.

https://www.wolterskluwer.com/en/expert-insights/navigating-...

https://www.consumerfinance.gov/rules-policy/regulations/100...