this post was submitted on 26 Jul 2025
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[–] HelterSkeletor@lemmy.world 22 points 10 months ago* (last edited 10 months ago) (1 children)

IANAL - Can credit card companies coordinate like this? This seems like price fixing but the other way around. Like one company wouldn't do this alone cause it would drive customers away so they agree to do it together. Does that coordinated monopolistic behavior have president?

[–] prole@lemmy.blahaj.zone 13 points 10 months ago (1 children)

Yeah it seems to fit the description of a cartel... Not that it matters.

[–] FauxLiving@lemmy.world 3 points 10 months ago

Yeah, I don't expect the US Federal Government to do anything pro-consumer except to lower the cost of concentration camps and tear gas.