Visa and Mastercard face a new merchant-fee bill with bipartisan sponsors
The interchange fight is back in a form that can survive a committee. That is the news.
Priya NairFinance Reporter
Card payment at a retail counter
WASHINGTON — The interchange fight is back in a form that can survive a committee. That is the news.
Retail coalitions have attached routing and fee-cap language that looks more like the last durable draft than a press-release bill, which is why the networks' lobbying spend is already showing up in the weekly tallies.
Priya Nair
Finance Reporter
Writes on banks, private credit, and the regulatory perimeter around nonbank lenders.