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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 mrgordon on Saturday February 24, 2018 @02:18AM (#16452190)
Nope there is competition so Citi can’t just increase interest rates across the board and add a bunch of new fees. The shareholders will take most of the loss.

If Citi tries to increase prices, Amex and Chase will laugh and scoop up their customers. Very few people are “stuck” with Citi

[ Parent | on HN ]
Re:Citi to Refund $330M to Credit Card Customers It Overcharged by conanbatt on Saturday February 24, 2018 @03:44AM (#16452379)
If all the banks have the same regulation, then there is no elasticity. Taxes that affect every supplier the same typically fall on the consumer.
[ Parent | on HN ]