KenH
Well-Known Member
"This is where the Credit Card Competition Act comes in. Lawmakers can’t very well say they’re working to protect the profits of Walmart and Target, so we’re told the act is about fairness and “consumer protection.”
In fact, retailers are simply trying to protect their bottom line.
One could argue that this is precisely what companies should do: maximize profit. The problem is they wouldn’t be earning their profit by offering a good or service, but by using government force to stop voluntary transactions."
- rest at Get Ready to Kiss Your Credit Card Rewards Goodbye
In fact, retailers are simply trying to protect their bottom line.
One could argue that this is precisely what companies should do: maximize profit. The problem is they wouldn’t be earning their profit by offering a good or service, but by using government force to stop voluntary transactions."
- rest at Get Ready to Kiss Your Credit Card Rewards Goodbye