Latest / Complex Systems with Patrick McKenzie (patio11)
The magic spell that makes banks give you your money back
Patrick McKenzie (@patio11) reads his latest Bits about Money essay explaining why he “loves Regulation E more than any rational person does.” He explains how Reg E created a privately-administered legal system processing over 100 million complaints annually—dwarfing the formal U.S. court system—and why banks are now trying to avoid these obligations for Zelle's nine figure fraud problem.
–
Full transcript available here: www.complexsystemspodcast.com/the-magic-spell-reg-e/
–
Sponsors: MongoDB & Framer
Tired of database limitations and architectures that break when you scale? MongoDB is the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.