Regulation of Credit-Card Rewards and its Impact on Frequent Fliers
Thursday, 9 May 2024, 16:18
Regulation of Credit-Card Rewards
The Department of Transportation (DOT) and the Consumer Financial Protection Bureau (CFPB) are examining potential regulations for the credit-card rewards system and associated frequent-flier programs.
Joint Hearing Insights
- Officials discussed at a hearing how regulations could impact loyalty programs.
- Regulation may lead to enhancements in the benefits frequent fliers receive.
Enhancing the credit-card rewards system could lead to greater value for consumers, especially frequent travelers.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.