Visa, MasterCard Fall on Vote Curbing Debit-Card Fees (Update3) – BusinessWeek


Shares of networks and banks came under pressure last week as Senate Majority Whip Richard Durbin pushed the fee curbs. The limits may crimp revenue at Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co., the biggest U.S. debit-card issuers. The measure cleared the Senate because of the industry’s “terrible” attitude toward merchants, Durbin said.

via Visa, MasterCard Fall on Vote Curbing Debit-Card Fees (Update3) – BusinessWeek.

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