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Re:Citi to Refund $330M to Credit Card Customers It Overcharged by Alupis on Friday February 23, 2018 @03:01PM (#16448967)
> Every regulation was enacted with specific circumstances in mind.

It's better said, that every regulation was enacted with good intentions... whether or not the result is good or bad is something entirely different.

Re:Citi to Refund $330M to Credit Card Customers It Overcharged by WillPostForFood on Friday February 23, 2018 @04:27PM (#16449777)
I'm the incumbent business in some area, I lobby for regulations that I can afford to pay, but makes it too expensive for potential competitors to get into the business.

http://braidingfreedom.com/braiding-initiative/standing-up-f...

https://en.wikipedia.org/wiki/Regulatory_capture

Re:Citi to Refund $330M to Credit Card Customers It Overcharged by Alupis on Friday February 23, 2018 @04:32PM (#16449811)
I doubt you vocalize your goal of driving competitors out of business when lobbying for some new regulation.

You don't personally enact regulations... those who do are the ones with the good intentions. To them, the regulations seem sensible and net-good... no matter how misguided it might happen to be.