Kathy E. Gill 🇺🇦
Kathy E. Gill 🇺🇦  ·  2 weeks ago
The #Biden Administration once again writes rules that turn monopolies into competitive markets. This time: banks.

Switching costs are real. And now quantified for banking.

Reminder: monopolists and oligarchs pay lip service to “competition.” That’s why they are suing to stop this final reg.

From @pluralistic

https://pluralistic.net/2024/11/01/bankshot/

Also
https://www.eff.org/deeplinks/2024/10/no-matter-what-bank-says-its-your-money-your-data-and-your-choice

#competition
#Election2024
#USPolitics
#finance
#harris

sleepy62
sleepy62  ·  2 weeks ago
@kegill @pluralistic

💯 Totally on board with this. I read Cory's article this morning and realized that is exactly what I was complaining to my banker about a few months back. I would love to give #RBC the boot but it would just be so painful and costly. It should be as easy as changing cell phone provider (or #Mastodon instance for that matter).

Then again these new rules are only for USA. Canadian banks will continue to rape and pillage til the cows come home.

#banks #cdnpoli