Shares in Visa Mastercard slide on expected Federal Reserve fee cap proposal

Shares in Visa Mastercard slide on expected Federal Reserve fee cap proposal

WASHINGTON (Reuters) – Shares in Visa and Mastercard slid on Wednesday on news the U.S. Federal Reserve is expected to propose lowering the fees banks can charge retailers for processing debit-card transactions. Visa and Mastercard shares dipped about 1% in early trading. A Mastercard spokesperson declined to comment, while Visa…Read More

Leave a Reply

Your email address will not be published. Required fields are marked *