Welch Statement on Urgent Need to Address Swipe Fees for Businesses and Consumers
March 27, 2024
March 27, 2024
WASHINGTON, March 27 -- Sen. Peter Welch, D-Vermont, issued the following news release:
BURLINGTON, VT - Sen. Peter Welch (D-Vt.), co-sponsor of the bipartisan Credit Card Competition Act, released the following statement in reaction to Visa and Mastercard reaching an antitrust settlement with U.S. merchants on swipe fees, which would temporarily cap fees for the next years but not provide a long-term solution for small businesses and consumers:
"For U.S. merchan . . .
BURLINGTON, VT - Sen. Peter Welch (D-Vt.), co-sponsor of the bipartisan Credit Card Competition Act, released the following statement in reaction to Visa and Mastercard reaching an antitrust settlement with U.S. merchants on swipe fees, which would temporarily cap fees for the next years but not provide a long-term solution for small businesses and consumers:
"For U.S. merchan . . .