We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Senate Committee To Investigate Interchange Fees

Law360 (June 28, 2006, 12:00 AM EDT) -- The Senate Judiciary Committee plans to dive into a heated debate over credit card interchange rates and potential antitrust concerns at an upcoming hearing.

Although the Wednesday hearing was postponed, the full Committee will look at how interchange fees are set and whether the practices by dominating card giants MasterCard International Inc. and Visa U.S.A. are anticompetitive, on a date still to be determined.

In recent months, more senators have vocalized their concerns over the interchange fees, and retailer groups have urged Congress to review the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.