The legislation would allow merchants to route transactions over multiple card networks, boosting competition, cutting costs for

Shares of the world’s largest payment networks fell after President Trump took to his Truth Social platform early Tuesday morning to endorse the Credit Card Competition Act. Visa dropped 4.5% in Tuesday trading,

Some of the industry’s largest airlines have joined forces to oppose legislation that aims to reduce fees charged by Visa and Mastercard on credit card transactions. Put forth by Senators Dick Durbin (D-Il) and Roger Marshall (R-KS), the measure seeks to ...

The move comes days after Trump pushed for a one-year cap of 10% on credit card interest rates, calling it a move to improve affordability for consumers.

Bill Ackman criticized credit card rewards programs, saying low-income consumers end up subsidizing benefits for wealthy cardholders.