The bank does not always win, actually. For example, from the start, ATM-related fraud was, in the US, fraud against the bank, whereas, in the UK, at least in the past, the customer was the one who got robbed. This lead to major differences in how secure the ATM systems were against various sorts of fraud.
But, yes, they can charge any fees and interest they feel like.
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timeasmymeasure
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Date: 2007-10-26 04:48 pm (UTC)But, yes, they can charge any fees and interest they feel like.