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Because credit card companies mandated that you couldn't raise prices to pay their fees. Believe this was later outlawed in the US and perhaps elsewhere.
by mixmastamyk 8mo ago
Because credit card companies mandated that you couldn't raise prices to pay their fees. Believe this was later outlawed in the US and perhaps elsewhere.
- stevehawk 8mo agoin the US it was a class action lawsuit + Supreme Court decision
- MoonWalk 8mo agoIt was part of the Obama administration's banking reforms, if I remember correctly. It outlawed credit-card issuers' prohibition on giving cash discounts. It also included a number of other valuable consumer protections, such as forcing card issuers to provide clear advance notice of interest-rate increases. The financial-system reforms were some of the Obama administration's most valuable.