Comment by vlovich123

You are incorrect. This isn’t good will measures, these are required by law. The EFTA, for example, requires banks to make you whole against fraudulent ATM transactions. The CC recommendation is more about you having more time and flexibility to dispute the charge without risking access to cash; most Americans don’t even have a few thousand dollars in cash so a fraudulent ATM withdrawal is a major problem. But if you have a good chunk of cash the fraudulent ATM transaction will not really be felt by you provided you follow the requirements about notification (you have 2 days after noticing to report it to the bank).

The losses due to fraudulent CC activity are governed by the FCBA.

It’s shocking how people think companies do this kind of stuff out of good will rather than being forced by law.