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Dude whose job it is to rip off consumers says "consumers will lose".
I'm sold. Pass that law. If the CC company bozos are against it, it's probably a good thing.
This reads as "if our prices have to be competitive, we're cancelling our bullshit programs where you could game back some of the money we took from you."
Yeah. We know you won't be able to afford that, because we will still have all of that money. That's the point.
Edit: "Let them eat cake."
I'll even pay extra if they stop selling my info.
Why pay extra when you could legislate
legislation is paying extra.