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The feds are scrutinizing credit-card rewards. That could help frequent fliers get more out of their miles.
The Department of Transportation and the Consumer Financial Protection Bureau are exploring possible regulation of the credit-card rewards system and the frequent-flier programs linked to them, officials said at a joint hearing held by the DOT and CFPB on Thursday.
US regulators are looking at potential ‘bait and switch’ schemes with airline-affiliated credit card reward points
If you use a points-and-rewards credit card offered by an airline in partnership with a big bank, how much are the points you’ve accrued worth in dollars? And how much do you need to spend to get the best rewards?
Airline rewards credit cards come under attack at CFPB-DOT hearing
Executives of Allegiant, Breeze and Spirit complained to the heads of the Consumer Financial Protection Bureau and Department of Transportation that the relationships between big banks and big airlines are anticompetitive.
Hearing held on credit card reward programs
Federal regulators held a hearing on May 9 to analyze airline and credit card reward programs. The hearing came after some consumers accused companies of using a 'bait-and-switch' technique with their benefits.
Transportation & consumer agencies review fairness of airline & credit card reward programs
Booking flights with airline points is a popular way to save some cash especially for avid travelers like Cameron Greene.
Airline Credit Cards and Frequent Flyer Programs Come Under Federal Scrutiny
Federal agencies are investigating whether airlines have devalued frequent flyer miles by making them harder to redeem.
Biden watchdogs probe popular credit card and airline rewards
Credit card and airline rewards are incredibly popular among Americans, but Biden administration officials worry aggressive marketing practices and the dominance of large players in the industry may be harming competition and consumers.
1h
on MSN
JTRAN union workers demanding change after ‘Sick Out’
At Tuesday’s Jackson City Council meeting, a company representative said that the previous contractors’ collective bargaining ...
1d
Flight attendants use security privileges to smuggle millions in drug money out of US: federal prosecutors
A group of New York-based flight attendants has been accused of using employees-only TSA access to smuggle over $8 million in ...
2d
on MSN
Amazon rolls out fleet of heavy-duty electric trucks to decarbonize more of its transportation network
Amazon is bulking up its fleet of electric vehicles beyond the delivery vans that many customers are accustomed to seeing in ...
Missoulian
3h
Special delivery: Bozeman Pass man helps out as storm shuts down interstate
As winter hung on despite bouts of spring-like warmth in recent weeks, hundreds of cars were stranded along I-90 near Bozeman ...
News 12 Networks
9d
Transportation Alternatives: 2024 was the deadliest start to a year since start of Vision Zero
The city's Department of Transportation says they are working on it, saying they have daylighted 1,000 intersections in 2023, ...
13h
on MSN
Hallowed-out grenade temporarily closes Tweed Airport terminal
The Transportation Security Administration temporarily shut down a Tweed-New Haven Airport terminal for what it called a ...
Rolling Out
9h
Jabbar Williams shares insight on transportation and real estate industry
Jabbar Williams has grossed over 2 million with Amazon Relay and over 80,000 impressions on his social media with his ...
1d
on MSN
NYC rolls out new, high-tech parking meters. Here's how they work
NEW YORK -- New York City's parking meters are getting an upgrade. The Department of Transportation said the new meters ...
Noozhawk
13h
Isla Vista Town Hall Seeks to Map Out Better Local Transportation
101. The Town Hall will focus on solutions to the problems residents face in everyday
transportation
and mobility experiences. Attendees can expect dinner, Spanish interpretation services, childcare ...
3d
on MSN
DC's busiest speed camera in northwest gives out over 33,000 tickets in 3 months
The D.C. Council got a detailed update this past week on which speed cameras in the city are taking the most pictures.
5d
on MSN
Watch Out, Growth Stock Investors: Archer Aviation Still Hasn't Been Cleared for Takeoff
Archer Aviation has a cool product, but it isn't anywhere near ready for prime time. There's a very big hurdle left.
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