'Classic, Collusive Monopoly Behavior': Sen. Hawley Calls Out Credit Card Companies for Killing Competition, Demands Congress Cap Interest Rates
November 20, 2024
November 20, 2024
WASHINGTON, Nov. 20 -- Sen. Josh Hawley, R-Missouri, issued the following news release on Nov. 19, 2024:
In a Senate Judiciary Committee hearing today, U.S. Senator Josh Hawley (R-Mo.) questioned executives from Visa and Mastercard on their credit card companies' record profit margins made at the expense of American card owners and small businesses.
Addressing Linda Kirkpatrick, President of Mastercard for the Americas, and Bill Sheedy, Senior Advisor to Visa Inc.'s CE . . .
In a Senate Judiciary Committee hearing today, U.S. Senator Josh Hawley (R-Mo.) questioned executives from Visa and Mastercard on their credit card companies' record profit margins made at the expense of American card owners and small businesses.
Addressing Linda Kirkpatrick, President of Mastercard for the Americas, and Bill Sheedy, Senior Advisor to Visa Inc.'s CE . . .