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Visa And MasterCard May Be Investigated By The Feds

Video Credit: Wochit News
Published on July 29, 2020 - Duration: 00:37s

Visa And MasterCard May Be Investigated By The Feds

US Senator Dick Durbin is requesting the Fed probe card networks and issuers, such as Mastercard and Visa.

The senator wants an investigation over potentially anticompetitive fees.

Durbin's letter hi-lighted that merchants are paying excessive debit card fees during the pandemic.

The companies have planned major fee changes for US-based merchants.

The Feds are requesting a competition-based investigating into Visa, Mastercard, and major issuers.

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