Dick Durbin is coming for your credit card rewards [FOX Business Network]
Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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US:NYSE Investor Relations:
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Source: FOX Business Network
Big-box retailers will stop at nothing to protect their massive profits, maintain their economic power and bolster their political leverage. The latest ploy to accomplish this incessant obsession: killing America's credit cards The large big box retailers in the country – are rallying dozens of big-box behemoths, global fast food chains, and convenience store juggernauts to ram through new government mandates for credit cards. These retail giants formed an alliance with a few lawmakers to upend the payments system as we know it, with disastrous consequences for Main Street financial institutions and consumers alike. The worst part about it is, we've seen this story before. When Congress enacted legislation to regulate interchange – the nominal fee that retailers pay to process credit or debit card transactions – critical resources were taken away from small financial institutions; resources local banks and credit unions use to provide consumers with safe, affordable financial p
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WMT
News
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WMT
Earnings
- 2/20/24 - Beat
WMT
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/2/24 - Form 4
- WMT's page on the SEC website