Joe Biden signed an executive order earlier this year for them to begin to investigate this. This really is nothing ‘new’ here. Just that a bunch of FR laughed at me when I posted about it months ago.
This will roll out as real between March and June of next year. They already have said that too. It will run alongside what we currently have until the marketplace refuses cash or cards.
Does this mean our cash back credit cards will die?
The credit card companies would seem to lose an massive amount of income.
This could cause some of them to come under economic stress.
Perhaps I’m not fully understanding which cards you’re referencing.
I do remember the discussions of this earlier in the year.
I’m not in favor of it, but then this isn’t anything we can stop so
I’ve resigned myself to it.