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Bill targeting Visa and Mastercard is 'still alive,' but latest path 'feels like a desperation move'

Por: MarketWatch Politics October 03, 2022

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Durbin and Marshall introduced the Credit Card Competition Act as standalone legislation in July, saying that the bill could lower industry credit-card fees by requiring that merchants have the choice between at least two credit networks when processing transactions. Rep. Peter Welch, a Vermont Democrat, and Rep. Lance Gooden, a Texas Republican, introduced a similar bill in the House of Representatives in September. Don’t miss: The bill takes... + full article



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