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Home›US Markets›Equities›Trump backs credit-card legislation feared by banks

Trump backs credit-card legislation feared by banks

Reported · Written up by our desk · Equities

The Wall Street Journal Markets reports that President Trump is backing a credit-card legislation proposal that banks view as particularly concerning.

The bill could disrupt the payment system that processes billions of dollars in merchant fees that merchants dislike and banks rely on to fund rewards.

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Sources

WSJ MarketsTrump Throws His Weight Behind Credit-Card Legislation Most Feared by Banks

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