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do we oppose or support the Durbin-Marshall Credit Card Bill?
| butt cheeks | 02/12/25 |
| we are definitely claiming fraud trumpmos | 02/12/25 |
| butt cheeks | 02/12/25 |
| we are definitely claiming fraud trumpmos | 02/12/25 |
| butt cheeks | 02/12/25 |
| Prolemobiler | 02/12/25 |
| we are definitely claiming fraud trumpmos | 02/12/25 |
| .,..,.,.;,.,,:,.,.,::,...,..,:,..;,.., | 02/12/25 |
| butt cheeks | 02/12/25 |
| .,..,.,.;,.,,:,.,.,::,...,..,:,..;,.., | 02/12/25 |
| butt cheeks | 02/12/25 |
Poast new message in this thread
Date: February 12th, 2025 2:25 PM Author: butt cheeks (✅🍑) any xo scholars in competition in credit cards want to enlighten me if this bill is XO or TLS? I assume TLS because it's Durbin, but I don't know |
Date: February 12th, 2025 2:26 PM Author: we are definitely claiming fraud trumpmos (oppose israel bois) cliffs on what it does? (http://www.autoadmit.com/thread.php?thread_id=5679726&forum_id=2#48651852) |
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Date: February 12th, 2025 2:29 PM Author: butt cheeks (✅🍑) this is what I'm asking proponents say it will cause an increase competition in credit cards which will benefit consumers opponents say it will cause payments systems to fall apart and we will lose all our loyalty points or something those are the conclusory claims about its effects I don't really know what it does or how it does it though |
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Date: February 12th, 2025 2:31 PM Author: we are definitely claiming fraud trumpmos (oppose israel bois) based on the limited info it sounds like we should SUPPORT this. anything where one side is arguing about loyalty points means the other side has the better argument. (http://www.autoadmit.com/thread.php?thread_id=5679726&forum_id=2#48651861) |
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Date: February 12th, 2025 2:38 PM Author: butt cheeks (✅🍑) this may be correct (http://www.autoadmit.com/thread.php?thread_id=5679726&forum_id=2#48651889) |
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Date: February 12th, 2025 2:31 PM Author: Prolemobiler i think it lowers cc fees which will be "passed on to consumers" (yeah right) (http://www.autoadmit.com/thread.php?thread_id=5679726&forum_id=2#48651862) |
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Date: February 12th, 2025 2:32 PM Author: we are definitely claiming fraud trumpmos (oppose israel bois) CC interest rate should be tied to whatever the bank is paying on interest. something like, a company can't charge more than 20% interest more than they pay in a savings account. if they can't make it work with such ridiculous flexibility they should go out of business. there is no need to charge consumers 35% interest rates on credit cards other than greed. (http://www.autoadmit.com/thread.php?thread_id=5679726&forum_id=2#48651871) |
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Date: February 12th, 2025 2:36 PM Author: .,..,.,.;,.,,:,.,.,::,...,..,:,..;,.., lol fuck that shit. banks should be able to charge any rate they want on a CC. if the rate is too high and you actually give a shit about the rate at all because you're a dumb prole then get a different CC or just consider managing your finances more better. (http://www.autoadmit.com/thread.php?thread_id=5679726&forum_id=2#48651879) |
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Date: February 12th, 2025 2:37 PM Author: butt cheeks (✅🍑) I think even more important than interest on debt is the amount the CC charges the merchant for each transaction, it's like 2-3% or even more on every transaction, and that arguably has an even bigger impact on consumers as a whole than interest on debt (we don't see this because the merchant pays, but we pay for it in higher prices) I think the idea is that increased competition would compete away some of this margin |
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Date: February 12th, 2025 2:42 PM Author: .,..,.,.;,.,,:,.,.,::,...,..,:,..;,.., Banks (chase, citi, capital one, etc) are the ones issuing the credit and make money on the APR %. CC companies (MA, Visa, etc) only administer the transactions and get the flat fee.
both are oligarchies essentially but there's enough competition to not have any one go completely off the rails (I duno if Amex still is able to charge double what Visa/MC do bc of boomers clinging to their plat cards but still). |
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Date: February 12th, 2025 2:45 PM Author: butt cheeks (✅🍑) ty that makes sense (http://www.autoadmit.com/thread.php?thread_id=5679726&forum_id=2#48651918) |