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Senate Judiciary Committee Chair Durbin Issues Statement on Visa & Mastercard Settlement With U.S. Merchants to Address Excessive Swipe Fees
March 27, 2024
CHICAGO, Illinois, March 27 -- Sen. Richard J. Durbin, D-Illinois, chairman of the Senate Judiciary Committee, issued the following statement on March 26, 2024:

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U.S. Senate Majority Whip Dick Durbin (D-IL), Chair of the Senate Judiciary Committee and the lead sponsor of the Credit Card Competition Act, today released the following statement regarding the news that Visa and Mastercard reached a settlement with U.S. merchants to lower credit interchange rates and ca . . .

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