Scams and the Digital Payment Dilemma

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This chapter explores the rise of scams related to money transfer services, focusing on the alarming losses consumers face with platforms like Zelle. It highlights the legal complexities in distinguishing between fraud and legitimate transactions, as well as the inadequate protection consumers have compared to credit cards. Additionally, the chapter discusses recent trends in digital payments, emphasizing the need for regulatory reforms to better safeguard users against financial exploitation.

Episode 383: Neal and Toby explain why Congress is looking into creating legislation that would crack down on payment scams on Zelle. Next up, Disney reported earnings and their streaming division is raking it in but their parks may be losing cash. Then mortgage rates are finally falling and Neal shares his favorite numbers involving VP investments, treasury bills and the number of free colonoscopies that one olympic gold medalist is getting from their home country. Then finally, it has been 20 years since the great Dave Matthews Band tour bus poop disaster in Chicago.

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00:00 - Olympic Coke

3:00 - Zelle Scams

8:45 - Disney Earnings

12:30 - Mortgage Rates Drop

18:00 - VP Investments

20:30 - Buffett T-Bills

23:00 - Olympic Perks

25:20 - DMB Poopiversary