Kathy E. Gill 🇺🇦
The #Biden Administration once again writes rules that turn monopolies into competitive markets. This time: banks.
Switching costs are real. And now quantified for banking.
Reminder: monopolists and oligarchs pay lip service to “competition.” That’s why they are suing to stop this final reg.
From @pluralistic
Kathy E. Gill 🇺🇦
@sleepy62 @pluralistic Does Canada have an equivalent to our anti-trust law?
Cory Doctorow
sleepy62🍁🛠️ 🖥️ 🔬 🌞
💯 Totally on board with this. I read Cory's article this morning and realized that is exactly what I was complaining to my banker about a few months back. I would love to give #RBC the boot but it would just be so painful and costly. It should be as easy as changing cell phone provider (or #Mastodon instance for that matter).
Then again these new rules are only for USA. Canadian banks will continue to rape and pillage til the cows come home.
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