An electronic payments coalition opposes federal legislation that requires unaffiliated card networks outside Visa and Mastercard.
2 reports, 2 independent
Updated Aug 6
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What happened
An electronic payments coalition opposes federal legislation that requires unaffiliated card networks outside Visa and Mastercard.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Trump backs Durbin on the Credit Card Competition Act, which aims to include unaffiliated card networks.1 source
Trump backed the Credit Card Competition Act, which mandates banks allow fee processing on two networks.1 source
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The entities involved
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Dick Durbin
United States Senator from Illinois
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Mastercard
American multinational financial services corporation