Visa and Mastercard executives revealed a revenue margin of over 50%.
Sen. Josh Hawley (R-MO) grilled representatives from the bank card corporations for not negotiating decrease interchange charges for small companies as they do with massive companies.
‘That is traditional, traditional monopolistic conduct,’ he mentioned on the bipartisan Senate Judiciary Committee listening to on a invoice that will decrease the price of interchange charges and create extra networks to deal with bank card transactions.
Committee Chair Dick Durbin (D-IL) mentioned of the listening to, ‘That is an odd grouping. Essentially the most conservative and essentially the most liberal members occur to agree that we now have to do one thing about this case.’
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supply
Hawley isn't gonna do anything about this.
Where penny stocks 😢
Josh Hawley is the best
At this rate they’ll be showing up to your home and roughing you up or cutting off a finger for late payments in the next ten years. Legal loan sharks.
CEOs be feeling hella nervous these days 😂
If Josh wasn’t a seditionist then he’d be ok.
Simple Question! – Why borrow money from them if you do not wan't to pay the higher interest?
The party’s over that’s changing
its not expensive to be poor, its expensive to be dumb
Where is Luigi Mangione when you need him?
And then nothing changes. A bill was introduced to cap % at 18. 9/23. Read twice and then sent to committee. Gathering dust.
He needs to run after Trump !
Banksters bank.
Live within your means to stop feeding the predators
I’m so confused. Visa and Mastercard are the tech networks that the banks transact through. How does removing them reduce consumer debt or bank lending? A 2-3% transaction fees being reduced doesn’t change anything
BLACK ROCK owns Visa and MasterCard.
😢😢😢😢
How about stop USURY
How about stop USURY
Here are the actual criminals.
Greed and corruption and evil people
It's the government printing money that effects interest rates. Why is this not known. What's stopping competition? The job of a company is to grow. Don't use MasterCard as a scapegoat, I think it's time we address the real culprits who are the US government, guilty of bailing out banks, now we have to suffer higher interest rates. Don't let them blame other people , hold them accountable
Algorithms owned by ped*p*ile billionaires now told their algorythm to make this guy familiar. The lizard 🦎 🧠 brains will like him.
Disgusting
Don’t hate the players, hate the game.
Lol all this is a sham. We know the politicians work with the capitalists. This is just to fool the ßtupid Americans 😂
This is one of the few senators that I would trust. He seems to be wanting to support the common man in the show everybody just how much these big huge companies are taking advantage of us well done.
Their look at the end says it all, "…and we are supposed to care about this?"
Just don't have a credit card.
Pointless b/c they won't do anything. Just for show.
They profit off your debt by collecting absurd interest rates
Great… now what is he going to do about it?
In India we can never expect such bold questions . Salute for asking such questions 🫡
The debt owed isn't their fault. Its consumerism gone wild.
But that profit margin and interest rate are definitely insane and should be demolished instantly.
"circa 50%" Don't we traditionally use "circa" when talking about a time in the past we don't know for certain, not an amount of money?
A lot of this guy’s policies are trash. However, recently he has been very vocally supporting the working class and I respect and appreciate that
seem kinda low number of what is owed as we have few billion of people on this planet.
Does he have shares in Amex or something???
Dang
I own one card, but I work STRENUOUSLY to keep the balance as close to zero as possible! Fergit your GD interest!
Visa’s revenue was 36 billion dollars in 2024. It has been going up 10-20% each year. They sell no goods or products. Simply legalized loan sharking.
Human detritus being parasitic.
It's funny to hear this guy go off on these companies and then not do anything. It's all lip service.
There’s 100 million more Luigi
Did anything CHANGE??