News for hackers. Stuff that matters.

A comment on Citi to Refund $330M to Credit Card Customers It Overcharged. Parent comment

Re:Citi to Refund $330M to Credit Card Customers It Overcharged by JumpCrisscross on Friday February 23, 2018 @01:37PM (#16448279)
> The next time some politician tells you regulations are always bad

I hear this line more, now, from people selling Bitcoin.

[ Parent | on HN ]
Re:Citi to Refund $330M to Credit Card Customers It Overcharged by DrScump on Friday February 23, 2018 @04:54PM (#16449962) 

  The next time some politician tells you regulations are always bad
Regulations published only after the Executive is a lame duck are usually bad, done only to reward some patron.

Regulations timed to not start until after the Executive leaves office shouldn't be allowed in the first place.

[ Parent | on HN ]
Re:Citi to Refund $330M to Credit Card Customers It Overcharged by tdb7893 on Friday February 23, 2018 @05:18PM (#16450119)
The thing is that you can't just enact regulations that take place immediately. You can't just have the government stop doing its job because they are going to be leaving soon and if the next president wants to stop the regulations they can
[ Parent | on HN ]
Re:Citi to Refund $330M to Credit Card Customers It Overcharged by DrScump on Friday February 23, 2018 @09:19PM (#16451248) 

  you can't just enact regulations that take place immediately
For example, look at the huge volume of new regualtions that weren't even published until after the 2000 and 2016 elections (the final 8 weeks of 8-year terms). If you're waiting until the final 2% of your term to make new regulations that only affect your successor, those regs warrant a critical eye.
[ Parent | on HN ]