Durbin Statement on Visa & Mastercard Settlement with U.S. Merchants to Address Excessive Swipe Fees
March 26, 2024
March 26, 2024
WASHINGTON, March 26 -- Sen. Richard J. Durbin, D-Illinois, issued the following news release:
CHICAGO - 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 cap those rates into 2030:
"At a time when hard-working Ame . . .
CHICAGO - 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 cap those rates into 2030:
"At a time when hard-working Ame . . .