The holidays are a time when millions of Americans travel to spend time with family and friends or splurge on a gift for a loved one — and many cash in on the credit card rewards they’ve earned all…
I know its an opinion piece, but there appears to be only a single useful sentence in the entire article on the substance about the proposed change. It is this:
The bill would require credit card transactions to be processed on at least two networks, with one of them being a smaller, less well-known entity
Thats it. Thats all.
Everything else is opinion on how great credit card companies are, and how useful they are to consumers, and how regulation is bad.
Calling it opinion is too generous. It’s basically a print ad for the Electronic Payments Coalition, a lobbying group for credit card companies of which the author is executive chairman. They have spent a lot advertising against this, primarily the Hands Off My Rewards campaign.
I know its an opinion piece, but there appears to be only a single useful sentence in the entire article on the substance about the proposed change. It is this:
The bill would require credit card transactions to be processed on at least two networks, with one of them being a smaller, less well-known entityThats it. Thats all.
Everything else is opinion on how great credit card companies are, and how useful they are to consumers, and how regulation is bad.
Calling it opinion is too generous. It’s basically a print ad for the Electronic Payments Coalition, a lobbying group for credit card companies of which the author is executive chairman. They have spent a lot advertising against this, primarily the Hands Off My Rewards campaign.