4 ms·
I say its cynical mainly because in this context it was an alternative reason based on a distrust of the system and an assumption that there are ulterior motive
by _heimdall 3y ago
I say its cynical mainly because in this context it was an alternative reason based on a distrust of the system and an assumption that there are ulterior motives.
I do actually think the cynical explanation is more likely, but the government isn't going to tell is they're limiting late fees to make sure we keep racking up more consumer debt.
- chiefalchemist 3y agoI don't see the need for any *assumption* about ulterior motives. The motives are clear, and certainly not ulterior. All I had to do is pull my head out of the sand, keep looking around, and take notes. You're spot on. Don't belittle your insights.
- _heimdall 3y agoWell I appreciate that. I consider it an assumption of ulterior motives only because its sold as a consumer protection play. Basically, they're claiming specific motivations and I think there are unspoken motivations driving it instead. Definitely mincing semantics here though, and probably giving too much leeway to those making these regulations.