Senate Rejects Delay of Debit Swipe Fee Caps; Visa (V), MasterCard (MA) Shares Tumble Midday
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Visa (NYSE: V) and MasterCard (NYSE: MA) shares have taken another leg lower intraday following reports the Senate has voted to reject an amendment to delay the debit swipe fee caps laid out in the so-called Durbin proposal.
The voting came in at: 54 against delay, 45 for delay.
The proposal would have delayed the implementation of such fees by six months.
Visa shares now down 6 percent to $74.94; MasterCard shares down 5.1 percent to $260.75.
The voting came in at: 54 against delay, 45 for delay.
The proposal would have delayed the implementation of such fees by six months.
Visa shares now down 6 percent to $74.94; MasterCard shares down 5.1 percent to $260.75.
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