JusticeNotableReported
5.2
Brazil STJ: Banks liable for fraud despite password use
Valor Econômico·BR·3 days ago
A 90-year-old Polish woman's proxy cannot sell part of her ~$300k investment funds at VeloBank (ex-Citi Handlowy retail) due to an allegedly imprecise power of attorney. The bank requires her to appear in person, creating a liquidity constraint for the investor. This highlights operational friction in bank transitions and potential regulatory scrutiny.
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