🐒Gods of Prosperity🔱🐲💸
shua
Atlas Star
Posts: 25,784
Political Matrix
E: 1.29, S: -0.70
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« on: October 02, 2011, 12:43:10 PM » |
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This is going to increase credit card use, not discourage it. The legislation doesn't affect credit cards. It would keep being profitable for companies to hand out credit cards even without fees.
Some of the transactions that had been done with debit will move to cash, but most will move to credit.
Credit card debt isn't enough of a problem already, we have to pass laws to encourage it.
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