Credit Card Competition bill wins Trump support [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
Sens. Roger Marshall, a Republican, and Dick Durbin, a Democrat, reintroduced their Credit Card Competition Act proposal Tuesday, resurrecting their years-long effort to make a card processing network other than Visa and Mastercard available to merchants whenever consumers swipe their credit cards. The two networks have long dominated the industry in working with major banks that issue the cards. Under the bill , banks that issue credit cards would have to ensure that for every consumer swipe there was a network available to merchants for routing the payment that wasn't Visa or Mastercard. The idea would be to give merchants at least one alternative, injecting additional competition into a market the two networks dominate. The mandate would apply to card issuers with assets of $100 billion or more. The bipartisan duo rounded up support for the bill last year from retailers and restaurants eager to reduce the interchange fees they must pay when consumers choose to use credit c
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MA
Earnings
- 10/30/25 - Beat
MA
Sec Filings
- 12/8/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 3
- MA's page on the SEC website