Originally Posted by
nene
There was a bill in congress a couple years ago that would eliminate/restrict the CCard companies ability to offer rewards/miles and restrict merchant fees. All in the spirit of "fairness". If that bill made it to the light of day it would surely change the paradigm that the legacy airlines operate in.
the bill didn’t restrict the companies’ ability to offer rewards/miles. the credit card competition act would have allowed competition between processing networks. that would have undoubtedly cut into revenue generated by the proprietary processing networks, but the banks who issue cards would have still been free to issue miles and rewards.
https://www.congress.gov/118/bills/s...118s1838is.pdf