Credit Card Competition Act Introduced in House and Senate
The bipartisan legislation, which was reintroduced into Congress today, would require Visa and Mastercard to compete with other networks for merchant and bank business, a change that could save U.S. consumers and retailers as much as $11 billion annually. The bill has broad support from trade groups, with the NSGA commenting that passage would be a big boost for retailers and dealers in the sporting goods ... Log in to view full article.