Lawmakers' Proposed Fee Legislation Causes Visa and Mastercard Stocks to Drop.
TL;DR
Shares of Visa and Mastercard fell by about 2% after a report that lawmakers plan to reintroduce proposed legislation that would allow merchants to process credit cards over different networks, potentially reducing fees for merchants. A new bill could be introduced this week.
- Visa, Mastercard Stocks Fall After Report of Planned Fee Legislation The Wall Street Journal
- New credit card bill targeting Visa-Master card 'duopoly' triggers lobbying onslaught Fox Business
- Sen. JD Vance wants to cut credit card fees for merchants cleveland.com
- Lawmakers Try Again to Curb Visa, Mastercard Fees, With Broader Support - WSJ The Wall Street Journal
- Visa, Mastercard Shares Slip as Lawmakers Take Aim at Card Fees MarketWatch
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