Home›US Markets›Sectors›Credit-card fee legislation gains a new ally

Credit-card fee legislation gains a new ally

The proposal targets the fee system that routes billions of dollars from merchants to banks, altering the economics behind rewards programs.

Reported · Written up by our desk · Sectors

WSJ Markets reports that a credit-card bill banks view as especially risky has gained support from an ally connected to the Trump political circle.

The bill would potentially upend the current payment-fee framework that merchants dislike and that banks use as a funding engine for rewards programs.

More like this

Sources