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The LAT article says: "In the future, credit card purchases will be recorded as cash advances rather than credit card purchases." This implies there was some
by vel0city 2y ago
The LAT article says:
"In the future, credit card purchases will be recorded as cash advances rather than credit card purchases."
This implies there was some period of time where those purchases weren't considered cash advances.
- gamblor956 2y agoBy the U.S. Mint. The banks always had the leeway to recharacterize those transactions. And given that we never heard about any of these jokers having to file reams of paperwork to get away with this hack or having long discussions with the DEA about money laundering, it's clear that the banks just treated these as cash advances like they clearly were.