It's been suggested that this move was meant to change consumer behavior away from debit to credit, since these regulations don't apply to that. People have been moving away from credit for years. The simple workaround is switch to your credit card, and pay off the balance before interest accrues.
This is probably true, and makes it even worse. People should be moving away from credit. The gov't should not be encouraging people to use credit.
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This is probably true, and makes it even worse. People should be moving away from credit. The gov't should not be encouraging people to use credit.