Buttigieg launches probe into airline rewards programs

The Department of Transportation (DOT) has launched an investigation into the four largest U.S. airlines' rewards programs to ensure consumers are not facing "unfair, deceptive or anticompetitive practices."

“Points systems like frequent flyer miles and credit card rewards have become such a meaningful part of our economy that many Americans view their rewards points balances as part of their savings,” Transportation Secretary Pete Buttigieg said in a statement Thursday. “These programs bring real value to consumers...