Is there no remedy under Law?

This question concerns the injustice in the manner in which the 'plastic' credit/banking system is funded.
Commercial law, as written, permits the fees for the system to be charged to the retailer, who takes them as a business expense which is reflected in his retail pricing.
Those fees then effectively represent a hidden surcharge on all retail transactions whether they use the system or not. They are in effect, a sales tax on the entire retail economy levied, not by any Government, but by commercial institutions.
Hidden fees such as this have always been considered 'sharp practice', unethical, at best.
To make matters worse, the card issuers are now offering promotional rebates in effect 'giving back' part of the money they get from those who use cash, to those who actually use the service.
this victimizes those who don't can't use the system, (often those most in need).
A large part of the cost of the system is due to the high level of fraud it permits and the banks have little incentive to improve that situation because they just pass the cost in the unfair fee structure already described.
Those who don't or can't use 'plastic are clearly being victimized, deprived of money for no benefit received.
Is there no way they can constitute a class to sue to amend the offending federal law?
Wouldn't Brandeis have accepted it as a Civil Suit?

2013-08-14T20:01:00Z

Best & only answer.
We can"t avoid retail so we're being ripped off.
It really narcs me that we calmly accept it.
When did this nation turn in its gonads?

who WAS #1?2013-08-12T21:56:37Z

Favorite Answer

There is no remedy under law.

About a dozen years ago I realized debt and credit is bad and since then have been a cash customer. Lived and worked like a dog for 7 years to become debt-free. Other than an ATM card, I have no plastic and pay cash for everything except my cell phone bill, which I pay by phone.

There is no way to terminate the practice you describe. Well, except for not buying their stuff.
But I can't make cheese or beef or vodka on my own so I have to go to the store, where I pay cash.

But let's look at this another way. Picture the average homeless guy. His net worth is exactly zero because he owns nothing and owes nothing. Most Americans have a negative net worth because they are in debt. This puts the homeless guy in the top 4% of wealthy Americans.

So, can he and I afford to pay another couple % when we pay cash? I believe yes.

Jesse2013-08-17T02:20:08Z

Idk. Good luck and dont forget to drink your ovaltene