Today news
About the same in other media
US Senator wants airline, credit card CEOs to testify on fees
Reading now: 855
investing.comWASHINGTON (Reuters) — The chair of the Senate Judiciary Committee on Monday asked the CEOs of American Airlines (NASDAQ:AAL), United Airlines, Visa (NYSE:V) and Mastercard (NYSE:MA) to testify at an April 9 hearing on credit card competition, according to letters seen by Reuters.
Senator Dick Durbin said in a statement to Reuters that American Airlines and United Airlines have «aggressively opposed efforts to bring competition to the credit card market in order to protect the billions of dollars in windfall profits their companies collect through their co-branded credit cards.»
The airlines and credit card companies did not immediately comment.
Read more on investing.comAbout this in other media
Mint Explainer: What RBI's commercial credit card diktat is all about livemint.com /9 months ago
Credit card interest rates are at record highs. Cards have 'never been this expensive,’ CFPB says cnbc.com /9 months ago
Emergency savings lag credit card debt for a third of households investmentnews.com /9 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
