this post was submitted on 22 Nov 2024
177 points (97.3% liked)
Technology
59569 readers
3825 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The government should mandate warning labels on companies like that, maybe "fintech" would be a good word to force them to use, similar to the way large companies have to use the "enterprise" warning label and games companies have to be labelled "triple A" to know their products and services are low quality and have a high risk of failure.
Dont they have to write in the footer WE ARE NOT A BANK
Usually that's what I look for
Do you not have banking licenses (someone mentioned FDIC)? Over here, that's how you tell real [regulated and insured] banks from pretend banks.
Yes. I guess the problem is that people aren't reading the small text st the bottom of the website that says they're not a bank
I like your style