The judge…

The temporary nationwide injunction imposed by Judge Mark Pittman in the Northern District of Texas is a win for the big banks and major credit card companies, which collect billions in revenue each year in late fees and were looking to stop the proposal from going into effect.

  • Transporter Room 3@startrek.website
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    6 months ago

    You know it’s weird, it seems like I can predict the way the judge votes, and likely which half of the US they live in, solely by the headline of “federal judge blocks Biden administration plan to…” with 100% accuracy.

    Haven’t been wrong yet.

    Seems almost like there’s some sort of political motivation here, not what’s best for the people.

    Almost seems like the system is working… against the people?

    But no that couldn’t be. Surely a judge, who sits at a federal level, would never be swayed by something so petty as kindergarten politics.

    • CosmicTurtle0@lemmy.dbzer0.com
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      6 months ago

      If you read the reactions from banks, it’s sickening. They are threatening to raise fees elsewhere, or interest rates, to “make up for lost revenue” because heaven forbid they just make less money and be okay with it.

      These companies make obscene amounts of money.

      They don’t need that much money.

      It’s sickening.

      • cerothem@lemmy.ca
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        6 months ago

        Well just hold on there a minute, if they raise interest or charge higher fees on things that doesn’t disproportionately negatively impact poor people then it might be less predatory… And we can’t have that, we gotta keep punching those that can’t hit back.

  • snekerpimp@lemmy.world
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    6 months ago

    “How could you even think of starving these poor, little corporations the very necessary income those late fees bring. Think of the poor CEOs not able to even afford a second yacht.”

    • bamboo@lemm.ee
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      6 months ago

      Also advertising a low rent and then tacking on sometimes hundreds of dollars in “admin fees” or similar. The advertised price should be, to the penny, the size of the monthly check.