Senate Judiciary Committee Chair Richard Durbin, D-Illinois. Photo: Diego M. Radzinschi/ALMSenators Grill Visa, Mastercard Execs on Alleged Anticompetitive Practices, Fees
The proposed Credit Card Competition Act seeks to foster competition in what the bill's sponsor calls the credit card “duopoly” in which Visa and Mastercard control 80% of the market.
November 19, 2024 at 08:26 PM
4 minute read
U.S. Senate Judiciary Committee members pressed Visa and Mastercard executives Tuesday about the credit card giants' alleged anticompetitive practices and fees that have enabled the pair to corner 80% of the market.
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