4 ms·
it's an industry cartel and we need to look at regulating There are ALL KINDS of regulations around banking and credit reporting. All of the wacky things you m
by harryh 7y ago
it's an industry cartel and we need to look at regulating
There are ALL KINDS of regulations around banking and credit reporting. All of the wacky things you mention are already not allowed.
- harry8 7y agono, not all things that are wacky are disallowed and that's the point. I chose examples that are hard to disagree with to show why regulation is already used and is necessary in the presence of market failure. This is market failure, clearly. You can't take your business elsewhere if you don't like the provisions on account of the fact that they ARE wacky. You can't renegotiate wacky contract provisions. Market failure.