In a Worsening Political Climate, Visa/MC Must Fight Back

Chairman of the Senate Judiciary Committee Dick Durbin’s masterfully-choreographed hearing November 19th “Breaking the Visa-Mastercard Duopoly: Bringing Competition and Lower Fees to the Credit Card System” put America’s leading credit networks Mastercard and Visa in the dock. He aimed to vilify them and improve his Credit Card Competition Act’s prospects. His hearings accomplished both.
 
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