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Senators prepare bill to crack down on credit card swipe fees

Published: July 28, 2022

Longtime credit card interchange critic Sen. Dick Durbin reportedly plans to introduce a bill this week challenging the control Visa and Mastercard have over credit card swipe fees by expanding competition among merchant card-processing networks.

Source: americanbanker.com

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United StatesDaniel Acker BloombergRoger MarshallDick DurbinJeff TasseyGreg MesackElectronic Payments CoalitionUs SenateMerchants Payments CoalitionFederal ReserveSenate Banking CommitteeElectronic Fund TransferSenate Judiciary CommitteeWall Street JournalMastercard ReachSwipe FeesDodd Frank ActMay DurbinJudiciary CommitteeNational AssociationFederally Insured CreditElectronic Fund Transfer ActSenate BankingPso FeaturePso Content