| ▲ | mixmastamyk 2 hours ago | |||||||
Because credit card companies mandated that you couldn't raise prices to pay their fees. Believe this was later outlawed in the US and perhaps elsewhere. | ||||||||
| ▲ | MoonWalk an hour ago | parent | next [-] | |||||||
It was part of the Obama administration's banking reforms, if I remember correctly. It outlawed credit-card issuers' prohibition on giving cash discounts. It also included a number of other valuable consumer protections, such as forcing card issuers to provide clear advance notice of interest-rate increases. The financial-system reforms were some of the Obama administration's most valuable. | ||||||||
| ||||||||
| ▲ | stevehawk 2 hours ago | parent | prev [-] | |||||||
in the US it was a class action lawsuit + Supreme Court decision | ||||||||