Durbin on Credit Cards, Airline Programs

The Credit Card Competition Act, a bid to lower fees for retailers and consumers, could increase competitive pressures for Visa and Mastercard if enacted. The bill requires banks above $100 billion in assets to offer more than one credit-card network. Bloomberg Intelligence analysts Nathan Dean and Elliott Stein hosted US Senator Dick Durbin of Illinois to discuss the measure. They also examine whether airline reward programs would disappear if the bill were to become law. Additionally, Dean and Stein discussed recent developments in the financial litigation and policy space.See omnystudio.com/listener for privacy information.

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