Originally Posted by mvoight

That sounds like you are saying they are doing something wrong. The new law clearly gives the airline a choice of a hold option or a refund option.

Originally Posted by aaupgrade

What interpretations? Here is a link for you, and others, to learn about the DOT regulations regarding 24 hold OR cancel without penalty within 24 hours of purchase: http://www.dot.gov/affairs/2012/dot0812.html

AA chose the 24 hold option.