* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, September 15, 2025
Earth-News
  • Home
  • Business
  • Entertainment

    From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

    Fall’s Hottest Ski Films Are Going on Tour—Here’s the List – yahoo.com

    Experience the Thrill: Fall’s Hottest Ski Films Hit the Road-Don’t Miss the Tour!

    Ryan Reynolds reveals he called a journalist who said mean things about John Candy – yahoo.com

    Ryan Reynolds Reveals the Moment He Stood Up to a Journalist Who Insulted John Candy

    Entertainment Community Fund Launches Program Supporting Entrepreneurs – Playbill

    Entertainment Community Fund Unveils Exciting New Program to Empower Entrepreneurs

    Behind the turntables: DJ Johnny Kage’s story of perseverance – yahoo.com

    Behind the Turntables: DJ Johnny Kage’s Inspiring Journey of Perseverance

    The other WWE star James Gunn wanted for Peacemaker instead of John Cena – yahoo.com

    The WWE Star James Gunn Originally Wanted for Peacemaker Instead of John Cena

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Billion-dollar coffins? New technology could make oceans transparent and Aukus submarines vulnerable – The Guardian

    Billion-Dollar Coffins? How New Technology Could Make Oceans Transparent and Expose Submarines

    What if artificial intelligence is just a “normal” technology? – The Economist

    What if artificial intelligence is just a “normal” technology? – The Economist

    Lincoln Trail College Receives $100,000 Grant from Marathon Petroleum Corporation for Technology Center – wwbl.com

    Lincoln Trail College Lands $100,000 Grant from Marathon Petroleum to Elevate Technology Center

    Aston Martin to integrate Pirelli’s cyber tyre technology in future models – Just Auto

    Aston Martin to Revolutionize Future Models with Pirelli’s Cutting-Edge Cyber Tyre Technology

    Figure Technology’s stock sizzles after IPO, as investors stay hungry for crypto deals – MarketWatch

    Figure Technology’s Stock Skyrockets After IPO Amid Surging Crypto Investor Excitement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment

    From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

    Fall’s Hottest Ski Films Are Going on Tour—Here’s the List – yahoo.com

    Experience the Thrill: Fall’s Hottest Ski Films Hit the Road-Don’t Miss the Tour!

    Ryan Reynolds reveals he called a journalist who said mean things about John Candy – yahoo.com

    Ryan Reynolds Reveals the Moment He Stood Up to a Journalist Who Insulted John Candy

    Entertainment Community Fund Launches Program Supporting Entrepreneurs – Playbill

    Entertainment Community Fund Unveils Exciting New Program to Empower Entrepreneurs

    Behind the turntables: DJ Johnny Kage’s story of perseverance – yahoo.com

    Behind the Turntables: DJ Johnny Kage’s Inspiring Journey of Perseverance

    The other WWE star James Gunn wanted for Peacemaker instead of John Cena – yahoo.com

    The WWE Star James Gunn Originally Wanted for Peacemaker Instead of John Cena

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Billion-dollar coffins? New technology could make oceans transparent and Aukus submarines vulnerable – The Guardian

    Billion-Dollar Coffins? How New Technology Could Make Oceans Transparent and Expose Submarines

    What if artificial intelligence is just a “normal” technology? – The Economist

    What if artificial intelligence is just a “normal” technology? – The Economist

    Lincoln Trail College Receives $100,000 Grant from Marathon Petroleum Corporation for Technology Center – wwbl.com

    Lincoln Trail College Lands $100,000 Grant from Marathon Petroleum to Elevate Technology Center

    Aston Martin to integrate Pirelli’s cyber tyre technology in future models – Just Auto

    Aston Martin to Revolutionize Future Models with Pirelli’s Cutting-Edge Cyber Tyre Technology

    Figure Technology’s stock sizzles after IPO, as investors stay hungry for crypto deals – MarketWatch

    Figure Technology’s Stock Skyrockets After IPO Amid Surging Crypto Investor Excitement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Visa and Mastercard’s fee drama: Senators demand answers

September 18, 2023
in Business
Visa and Mastercard’s fee drama: Senators demand answers
Share on FacebookShare on Twitter

In a world where plastic rules, the power play between US Senators and
credit card giants Visa and Mastercard is heating up. As is their want, a group
of Senators are “demanding answers” and slamming fee increases that could cost
American businesses $502 million annually. Are the card giants playing hardball
at the expense of hard-working Americans? Or are the Senators just gaining easy
political capital?

Senator Roger Marshall has taken the reins in this high-stakes game.
Alongside Senate Majority Whip Dick Durbin and Senator Peter Welch, Marshall,
and four House Representatives, fired off a letter to Visa and Mastercard,
demanding an immediate about-face on their impending credit card swipe fee
hikes.

These fee increases, set to roll out this fall, have raised eyebrows.
If they proceed, American businesses and merchants could be left holding the
bag to the tune of $502 million each year. It’s a real hit for the economy, and
the Senators are not having it.

Credit Card Competition Act

In June, Senators Marshall, Durbin, J.D. Vance, and Peter Welch dropped
a bombshell in the form of the bipartisan Credit Card Competition Act (CCCA), the original overview of which can be read here. The
goal? To inject some much-needed competition into the credit card industry and
put an end to Visa and Mastercard’s duopoly. It’s their way of giving the
little guys a fighting chance and who doesn’t love that?

The letter is part of a long running battle between the politicians and the card companies:

Senators Dick Durbin, a Democrat, and Roger Marshall, a Republican, urge Visa and Mastercard to cancel plan to raise swipe fees https://t.co/FioHCeBLDC

— Bloomberg (@business) August 30, 2023

The CCCA proposes a simple solution – It would mandate a second routing
option be offered to merchants. This simple fix would force the major credit
card companies to compete and give some power back to merchants who would
finally have the option to choose other networks and fairer fees.

The Senators are not pulling punches, accusing Visa and Mastercard of
profiteering while ordinary Americans bear the brunt of their actions. In a
world grappling with rising costs for essentials like fuel and groceries,
hiking credit card fees feels like rubbing salt in the wound. The Senators
argue that American families and small businesses have shouldered the burden
for far too long.

As the battle unfolds, Visa and Mastercard find themselves in the hot
seat, facing off against a determined group of Senators. Will these card giants
reverse their fee hikes, or will they dig in their heels? Only time will tell,
but one thing’s for sure—the showdown is far from over.

In a world where plastic rules, the power play between US Senators and
credit card giants Visa and Mastercard is heating up. As is their want, a group
of Senators are “demanding answers” and slamming fee increases that could cost
American businesses $502 million annually. Are the card giants playing hardball
at the expense of hard-working Americans? Or are the Senators just gaining easy
political capital?

Senator Roger Marshall has taken the reins in this high-stakes game.
Alongside Senate Majority Whip Dick Durbin and Senator Peter Welch, Marshall,
and four House Representatives, fired off a letter to Visa and Mastercard,
demanding an immediate about-face on their impending credit card swipe fee
hikes.

These fee increases, set to roll out this fall, have raised eyebrows.
If they proceed, American businesses and merchants could be left holding the
bag to the tune of $502 million each year. It’s a real hit for the economy, and
the Senators are not having it.

Credit Card Competition Act

In June, Senators Marshall, Durbin, J.D. Vance, and Peter Welch dropped
a bombshell in the form of the bipartisan Credit Card Competition Act (CCCA), the original overview of which can be read here. The
goal? To inject some much-needed competition into the credit card industry and
put an end to Visa and Mastercard’s duopoly. It’s their way of giving the
little guys a fighting chance and who doesn’t love that?

The letter is part of a long running battle between the politicians and the card companies:

Senators Dick Durbin, a Democrat, and Roger Marshall, a Republican, urge Visa and Mastercard to cancel plan to raise swipe fees https://t.co/FioHCeBLDC

— Bloomberg (@business) August 30, 2023

The CCCA proposes a simple solution – It would mandate a second routing
option be offered to merchants. This simple fix would force the major credit
card companies to compete and give some power back to merchants who would
finally have the option to choose other networks and fairer fees.

The Senators are not pulling punches, accusing Visa and Mastercard of
profiteering while ordinary Americans bear the brunt of their actions. In a
world grappling with rising costs for essentials like fuel and groceries,
hiking credit card fees feels like rubbing salt in the wound. The Senators
argue that American families and small businesses have shouldered the burden
for far too long.

As the battle unfolds, Visa and Mastercard find themselves in the hot
seat, facing off against a determined group of Senators. Will these card giants
reverse their fee hikes, or will they dig in their heels? Only time will tell,
but one thing’s for sure—the showdown is far from over.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FinanceMagnates – https://www.financemagnates.com//trending/visa-and-mastercards-fee-drama-senators-demand-answers/

Tags: businessdramaMastercard's
Previous Post

Unlocking Success: FYNXT’s Multi-Asset Broker Solutions

Next Post

Celsius’ Fraud and Price Manipulation: Former Chief Revenue Officer Pleads Guilty

Entire Himalayan Range Facing Ecological Crisis: Supreme Court – NDTV

Supreme Court Sounds Alarm on Imminent Ecological Crisis Endangering the Entire Himalayan Range

September 15, 2025
Artificial Intelligence at Bayer – Emerj Artificial Intelligence Research

How Bayer is Revolutionizing the Future Through Artificial Intelligence

September 15, 2025
The ancient science of nose jobs : Short Wave – NPR

The Timeless Art and Science Behind Nose Jobs: Unveiling the Secrets of Rhinoplasty

September 15, 2025
8 TV shows that accidentally taught kids more than school did – VegOut

8 TV Shows That Secretly Taught Kids More Than School

September 15, 2025
Revolutionary Hydrofoil Tech Meets Electric Boats: Vision Marine and Hydrofin Transform Pontoon Performance – Stock Titan

Revolutionary Hydrofoil Technology and Electric Boats Unite to Transform Pontoon Performance

September 15, 2025
Sports world continues to have no shortage of ridiculousness – New York Post

The Sports World Is Getting More Outrageous Than Ever

September 15, 2025
Underdogs Czechia take out Serbia in straight sets at Men’s Volleyball World Championship – Volleyball World

Underdogs Czechia take out Serbia in straight sets at Men’s Volleyball World Championship – Volleyball World

September 15, 2025
The Market Isn’t Lagging – It’s Distorted: Why Investors Must Stop Treating the S&P as the Economy’s Crystal Ball – MSN

The Market Isn’t Lagging – It’s Distorted: Why Investors Must Stop Treating the S&P as the Economy’s Crystal Ball – MSN

September 15, 2025

From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

September 15, 2025
A multibillion-dollar oil project is impacting locals’ health and livelihood in Uganda – NPR

Multibillion-Dollar Oil Project Threatens Health and Livelihoods of Ugandan Communities

September 15, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (821)
  • Economy (840)
  • Entertainment (21,718)
  • General (17,048)
  • Health (9,884)
  • Lifestyle (855)
  • News (22,149)
  • People (844)
  • Politics (849)
  • Science (16,051)
  • Sports (21,340)
  • Technology (15,822)
  • World (823)

Recent News

Entire Himalayan Range Facing Ecological Crisis: Supreme Court – NDTV

Supreme Court Sounds Alarm on Imminent Ecological Crisis Endangering the Entire Himalayan Range

September 15, 2025
Artificial Intelligence at Bayer – Emerj Artificial Intelligence Research

How Bayer is Revolutionizing the Future Through Artificial Intelligence

September 15, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version