Airline rewards credit cards come under attack at CFPB-DOT hearing

Airline rewards credit cards come under attack at CFPB-DOT hearing

  Executives of Allegiant, Breeze and Spirit complained to the heads of the Consumer Financial Protection Bureau and Department of Transportation that the relationships between big banks and big airlines are anticompetitive. Consumer advocates also questioned whether large airlines are delivering on promised rewards and if consumers are racking up debt to accrue miles and points.