Loading...
Market
Major Airlines' Response to New Rewards Regulations
4
Resolution / Starting Odds
Adjustment of Reward Programs • 25%
Legal Challenge to Regulations • 25%
Public Campaign Against Regulations • 25%
No Response • 25%
Corporate statements, press releases from major airlines
Story
DOT and CFPB Hearings Led by Secretary Pete Scrutinize Airline Credit Card Rewards
May 9, 2024, 05:28 PM
Federal regulators, including the Department of Transportation (DOT) and the Consumer Financial Protection Bureau (CFPB), are conducting hearings to scrutinize airline credit card rewards programs. The hearings, initiated by Secretary Pete, aim to assess competition and ensure consumers are receiving the promised rewards. These programs have been criticized for being complicated and misleading, making it difficult for consumers to earn and redeem points. The outcome could potentially influence the structure of credit card rewards and impact frequent fliers' ability to benefit from their miles. NBC's @bcheungz reports on this development.
View original story
Similar markets
Compliance • 33%
Legal Challenge • 33%
Request for Amendment • 34%
Compliance with Rule • 25%
Appeal Decision • 25%
Amend Business Practices • 25%
No Change in Operation • 25%
Increase in regulations • 33%
Decrease in regulations • 33%
No significant change in regulations • 34%
Adopt similar policies voluntarily • 33%
Remain neutral • 34%
Oppose and join the lawsuit • 33%
Successfully implemented • 50%
Not fully implemented • 50%
Adopt the rule • 33%
Reject the rule • 33%
Remain neutral/wait for lawsuit outcome • 34%
Supportive • 33%
Neutral • 33%
Opposed • 34%
Positive Consumer Response • 50%
Negative Consumer Response • 50%
Introduction of stricter regulations • 33%
Compromise with the airlines • 34%
Withdrawal of the rule • 33%
Stock prices increase • 33%
Stock prices decrease • 33%
No significant change in stock prices • 34%
New federal regulations adopted • 25%
Industry-wide standards revised • 25%
No significant changes • 25%
Only minor adjustments made • 25%