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Lawmakers Consider Introduction of Swipe-Fee Repeal; Visa (V), MasterCard (MA) Shares Rise

October 12, 2011 12:38 PM EDT
Shares of Visa (NYSE: V) and MasterCard (NYSE: MA) have ticked higher in afternoon trade as Bloomberg is reporting on rumors regulators may introduce a repeal of the swipe-fee measure. A source has said US Representatives Chaffetz and Owens will unveil the bill later Wednesday.

Visa shares are now up 1.3 percent while MasterCard shares are up 1 percent.


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