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One Regulation E, Two Very Different Regimes

Patrick McKenzie · 7 Jan 2026 · bitsaboutmoney.com

2 korrents from this piece

Patrick McKenzie did not write this page.

Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. It is a CSR clicking a button on their web app’s interface after 3 minutes of consideration, and then entire evidentiary record often fits in a tweet.
  2. if it walks like a checking account, quacks like a checking account, and is marketed as an alternative to checking accounts, then it is almost certainly within Reg E scope