Recap: CFPB Goldman & Apple Fine, Chase Insurance Change & More

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• Elon Musk Wants to Delete the CFPBElon Musk Wants to Delete the CFPB—Here’s 10 Things Consumers Stand to Lose

• CPFB would itself be shutdown if Republicans get control after elections!

  • Ummm…no.
    Republicans had control over White House, Senate, and House 2017-2018; and Republicans had control over White House and Senate 2019-2020, and Republicans had control over House 2023–.
    News flash:: The CFPB was NOT shutdown when Republicans have control.

• Sadly, travel insurance (both through credit cards, and even with ‘comprehensive’ plans) has been water down. USA Today recent reported a 33% increase in denied claims. These companies are pocketing those premiums then avoiding their obligations via impractical fine-print. Unless the US adopts similar legislation to EU, UK, and Canada, passengers here are not protected. We deserve actual compensation when the airlines significantly delay or cancel flights last-minute, especially when it’s under their control, like staffing or maintenance issues. No, such regulations do not bankrupt the airlines. Instead, without protections, airlines get basically a zero-interest loan from us, then merely ‘refund’ whatever they unilaterally determine you get, and ultimately leave you paying for expensive last-minute alternatives and/or losing your prepaid expenses at the destination, with no realistic recourse. These big businesses are crushing the little guy. Once you get burned a few times, you’ll know.

• For the Chase trip cancelation/interruption, my interpretation of the old terms was that it was limited to the amount charged to the card anyway. So it seems like this is a clarification update.

  "The Trip Cancellation and Trip Interruption benefit provides reimbursement for Eligible Travel Expenses charged to the Cardholder’s Account up to ten thousand ($10,000.00) dollars per Covered Person and up to twenty thousand ($20,000.00) dollars per Trip, if a loss results in cancellation or interruption of the travel arrangements"

  Can compare the terms for yourself:
  Old: https://www.chasebenefits.com/sapphirereserve2
  New: https://www.chasebenefits.com/sapphirereserve3

• inKind is such a VC scam to the consumer's benefit, it's incredible. People say it's strategic because they're paying you to go to places, but it's extremely extremely gameable if you have self control. The two partners in my city are chains, but they're (1) Iron Hill Brewing (2) City Winery. Both do happy hours and shared bites. I just go before the movies whenever they offer something to the effect of a $50 off of $50 (which happens a surprisingly fair amount because they do "we miss you" offers) type deal or like $75 off $100. Obviously tip on original total. No active offer? Okay, I'll go to a normal ass restaurant instead of the City Winery, not like I want to go to those places as a regular anyway. I haven't tried, but they also sell house account credit at a deep discount which I think is stackable.

  I get their business model: funding restaurants for house credit, but there's absolutely no way they're making their money back in the backend from the house credit.