3 ms·
EU forced credit card companies to reduce their fees by an order of magnitude and they still operate here so the previous rates were obviously unreasonable. So
by username90 6y ago
EU forced credit card companies to reduce their fees by an order of magnitude and they still operate here so the previous rates were obviously unreasonable. So the argument "Everyone else does it" doesn't hold water. USA still pays the unreasonable rate though, so it seems like they are missing something in their legalization. If American courts refuse to do anything against credit card companies I doubt they will do much in this case either, epic should just have gone to the EU court instead.
https://thehill.com/blogs/congress-blog/economy-budget/262142-if-europe-can-rein-in-credit-card-fees-why-not-us https://thehill.com/blogs/congress-blog/economy-budget/26214...
- girvo 6y agoI’m surprised they didn’t. I would think that it’d be a more conducive court!