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This tidily demonstrates the value of a competent regulatory authority. The payment processor (i.e. card provider) should be even more afraid of the regulator t
by woodruffw 2y ago
This tidily demonstrates the value of a competent regulatory authority. The payment processor (i.e. card provider) should be even more afraid of the regulator than they are of potential lost business.
- paxys 2y agoWould be nice, except that consumer protections were anyways an afterthought in this country and we just elected a government with an explicit goal to kill them entirely.
- woodruffw 2y agoI agree about the current government. However, we do have examples of muscular regulatory schemes and infrastructure in this country's past: CFPB and Dodd-Frank are recent good examples. Both could also have been stronger, of course.
- insane_dreamer 2y agoExcept that the CFPB has just been defunded/defanged
- woodruffw 2y agoYes; emphasis on "past." The point is that it's not an impossibility.