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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 runako on Friday February 23, 2018 @02:11PM (#16448534)
That regulation sounded outlandish, so I read the article. The article is obviously anti-regulation, but even in context it's obvious that a) this is possible not a license to close a business but instead b) is quite possibly a regulation intended to prevent stores from having fake "GOING OUT OF BUSINESS" sales every couple of quarters, misleading consumers into making suboptimal decisions.

Based solely on what's in the article, it wouldn't apply to businesses that don't carry inventory, notably services businesses.

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Re:Citi to Refund $330M to Credit Card Customers It Overcharged by FireBeyond on Friday February 23, 2018 @03:36PM (#16449345)
Hehe, I haven't looked, so it may be apocryphal, but I believe there is a WAC (Washington (state) Administrative Code), that mandates that a business (possibly limited to furniture stores) may only have a "Going Out Of Business" sale once per calendar year.
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Re:Citi to Refund $330M to Credit Card Customers It Overcharged by TAForObvReasons on Friday February 23, 2018 @02:15PM (#16448571)
Closest ordinance i could find from a cursory search: https://library.municode.com/wi/wauwatosa/codes/code_of_ordi...

> Every person shall obtain a closing-out license before conducting a closing-out sale

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Re:Citi to Refund $330M to Credit Card Customers It Overcharged by yeukhon on Friday February 23, 2018 @02:25PM (#16448647)
Here is the full text: http://city.milwaukee.gov/ImageLibrary/Groups/ccClerk/Ordina...
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Re:Citi to Refund $330M to Credit Card Customers It Overcharged by yeukhon on Friday February 23, 2018 @02:36PM (#16448722)
Well, it is a regulation to ensure the business is intended to close. Instead of "going out of business" sign, what happen "big sale" sign every quarters? FWIW, I am not sure if that big sale is really a big sale with discounts. In fact, I have seen mattress stores claiming a price drop on the flyer for $850 but the regular price never stays - basically I am calling out certain stores lying about the regular price and promotional price.
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