Visa, Mastercard Face Biggest Challenges in a Decade

April 22, 2021

Regulatory, legislative and court confrontations over the card network companies’ fees are ratcheting up pressure again for reform of the behemoths’ practices. Senate Majority Whip Dick Durbin was riled up when he leaned into his microphone to speak last month at an antitrust subcommittee hearing. The source of his consternation? The dominance of Visa and Mastercard.