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A comment on Capital One to buy Discover Financial in $35.3B all-stock deal. Parent comment

Re:Capital One to buy Discover Financial in $35.3B all-stock... by NoPedantsThanks on Monday February 19, 2024 @11:58PM (#39438211)
Not to mention that retailers are getting screwed harder all the time. I thought that the major cards had set fees across their brands, but NO: retailers are screwed at all different levels by different ISSUERS. Apparently Capital One is one of (if not THE) worst, coming in at something obscene like 4.5%.

That's the entire profit margin of some businesses. At least some places like L.A. are taking tiny steps to prevent a total takeover by these assholes by outlawing "cashless" businesses.

[ Parent | on HN ]
Re:Capital One to buy Discover Financial in $35.3B all-stock... by EVa5I7bHFq9mnYK on Tuesday February 20, 2024 @09:04AM (#39441394)
I think they should outlaw the clause in the CC contracts that forbids discounts for cash payments.
[ Parent | on HN ]
Re:Capital One to buy Discover Financial in $35.3B all-stock... by NoPedantsThanks on Tuesday February 20, 2024 @11:43AM (#39443466)
The Obama administration did! That's why these have returned.

I was disappointed by many of the "reforms" passed under Obama, but this one in particular and some other banking-related ones stand out as truly helpful.

[ Parent | on HN ]