> I don't believe they have formed a cartel or collude to set price but its pretty clear that they aren't competing on price. Sure they are. It's just that th

> I don't believe they have formed a cartel or collude to set price but its pretty clear that they aren't competing on price. Sure they are. It's just that they were competing on price so much that every service was operating on a loss making basis until interest rates went up and that became unsustainable. You don't need collusion for interest rates skyrocketing to lead to unprofitable services needing to raise pricing at the same time.