malonicus

@malonicus@mstdn.social

Treading water in this sea of common myths.

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dangillmor, 13 days ago (edited 13 days ago) to random

EDITED: One of journalism's consistent flaws is ignoring relevant context.

Case in point is this NY Times story about a judge tossing out a new federal regulation limiting extortionate credit card late fees.

Here's the context the Times didn't care to include: The financial companies went forum shopping, and landed one of their favorite Trump-appointed judges, who (to his credit) objected to the process, but then predictably ruled against the administration.

Journalistic malpractice, IMO.

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malonicus, 13 days ago

@dangillmor

Followed link in said article to previous NYT article and found:

“Consumer advocates said they had anticipated both the litigation and the venue. The trade groups “intentionally chose a conservative-leaning, industry-friendly court in the hopes of derailing any kind of regulation that would cut into their bottom line,” said Liz Zelnick, a program director at Accountable.US, a progressive research group.”

https://www.nytimes.com/2024/03/07/business/credit-cards-fee-cfpb-sued.html

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