Good morning from Skift. It’s Friday, May 10. Here’s what you need to know about the business of travel today.
Rohit Chopra travel tips
skift.com
10.05.2024
Airline Credit Cards, Frequent Flyer Programs Under Scrutiny
Have the loyalty programs of the biggest U.S. airlines grown so huge that smaller airlines can’t compete? That was one of the concerns during a hearing Thursday with the Department of Transportation and the Consumer Financial Protection Bureau.
thepointsguy.com
09.05.2024
Fairness of frequent flyer programs put in the spotlight at hearing in Washington
Are frequent flyer programs fair to their members?
thepointsguy.com
15.04.2024
Airline frequent flyer programs subject of federal hearing on 'unfair or deceptive practices'
The U.S. Department of Transportation will hold a public hearing on airline frequent flyer programs, the agency said Monday, part of an investigation into potential unfair or deceptive practices.
thepointsguy.com
05.03.2024
$8 cap on credit card late fees is latest win in Biden's plan to eliminate ‘junk fees’
Federal regulators have finalized a rule to cap credit card late fees, closing a loophole the Consumer Financial Protection Bureau claims has been long exploited by large credit card issuers. The CFPB finalized the rule Tuesday, thus lowering the typical late fee from $32 to $8 for credit card issuers with 1 million or more open accounts and continuing President Joe Biden's push to eliminate fees on travel and credit cards.
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