fne8w2ah@lemmy.world to News@lemmy.worldEnglish · 3 days agoUS judge OKs Visa, Mastercard $38 billion swipe fee settlementwww.reuters.comexternal-linkmessage-square6linkfedilinkarrow-up140arrow-down10cross-posted to: Settlements@lemmy.world
arrow-up140arrow-down1external-linkUS judge OKs Visa, Mastercard $38 billion swipe fee settlementwww.reuters.comfne8w2ah@lemmy.world to News@lemmy.worldEnglish · 3 days agomessage-square6linkfedilinkcross-posted to: Settlements@lemmy.world
minus-squareZedstrianlinkfedilinkEnglisharrow-up35·3 days ago Settlement cuts swipe fees for five years The U.S. needs real consumer protection rather than settlements that act as temporary band-aids.
minus-squareTriumph@fedia.iolinkfedilinkarrow-up3·3 days agoNone of this is about consumers. It’s all about divvying up the gouge among businesses.
minus-squareZedstrianlinkfedilinkEnglisharrow-up1·edit-23 days agoUltimately costs still get passed onto consumers, so regulating the predatory pricing practices of as many vultures as possible helps.
minus-squareTriumph@fedia.iolinkfedilinkarrow-up2·3 days agoCosts do, savings do not. It’s disingenuous to say that lower costs save customers money. While technically true, consumers always pay and owners always take a fat skim.
The U.S. needs real consumer protection rather than settlements that act as temporary band-aids.
None of this is about consumers. It’s all about divvying up the gouge among businesses.
Ultimately costs still get passed onto consumers, so regulating the predatory pricing practices of as many vultures as possible helps.
Costs do, savings do not. It’s disingenuous to say that lower costs save customers money. While technically true, consumers always pay and owners always take a fat skim.