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People are welcome to challenge the banks in court. It will be no skin off my back if they win. But I guess the banks have good reason that believe that they can defend their practices successfully. If not it will be the end of Venmo, cash app, and zelle -- or at least the free transfer features of those apps.

[brigade]

The "good reason" is that it's an extension of how banks have always treated fraudulent debits until you show knowledge of the Reg E dispute process, so it makes it outside of first-level customer support.

And it won't be the end of free electronic transfers, it'll just mean acknowledging that those transfers aren't any more final than writing a check.