Credit Union Ruling Imperils Fund Transfer Law, 4th Circ. Told
Law 360
OCTOBER 18, 2023
A federal district court's decision to hold a credit union liable for $558,000 in compensatory damages over a scammer's use of its services disrupts the framework of fund transfer law and jeopardizes the day-to-day feasibility of the nation's fund-transfer systems, an amicus brief filed in the Fourth Circuit argues.
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