It was part of the Obama administration's banking reforms, if I remember correctly. It outlawed credit-card issuers' prohibition on giving cash discounts.
replyIt 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.
Imagine having a president who cares about unsexy policy wonk issues that make a huge difference to everyone. Feels like a distant memory these days.
replyin the US it was a class action lawsuit + Supreme Court decision
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