JUST IN: Senators Grill Credit Card Company Executives On Fees In Senate Judiciary Committee

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  • เผยแพร่เมื่อ 2 ธ.ค. 2024

ความคิดเห็น • 42

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  • @Lacey_Face
    @Lacey_Face 14 วันที่ผ่านมา +4

    I don't and won't get a credit card. They get ppl in financial trouble.

  • @Salltssti
    @Salltssti 12 วันที่ผ่านมา +2

    A lot of very misinformed people in the room about how these credit card companies operate. The banks that issue the cards earn the credit card fees and set the interest rates. It has absolutely nothing to do with the network. Go after the banks who actually pocket the revenue if you want to go after someone.

  • @ronaalexander825
    @ronaalexander825 13 วันที่ผ่านมา +1

    I encourage and incentivize my customers to use cash.

  • @galepierceson2231
    @galepierceson2231 14 วันที่ผ่านมา +1

    Regulation sounds great!! Monopoly is accurate.

  • @galepierceson2231
    @galepierceson2231 14 วันที่ผ่านมา +1

    This IS a Duopoly at this juncture.

  • @madscientistslab1
    @madscientistslab1 14 วันที่ผ่านมา +1

    Should be illegal to make money up and downstream on every purchase.

  • @FractalPrism.
    @FractalPrism. 14 วันที่ผ่านมา +1

    end all Usury, no more profiting off of borrowed money.

  • @donnahurst3755
    @donnahurst3755 14 วันที่ผ่านมา +1

    USAA refunds all swipe fees. How is this possible? USAA is not on every corner so as their customer I greatly appreciate that they repay us, swipe fees. I can’t imagine what USAA has to pay back their banking customers every year. Where is the fraudulent, erroneous or wasteful, behaviour occurring by Master Card or Visa, r/t swipe fees?

  • @MrAndreybond
    @MrAndreybond 14 วันที่ผ่านมา

    As a business owner, this is a real problem for us. Government is pushing cash out of the stores, making it hard not to accept credit cards.

    • @AbbeyTwynn
      @AbbeyTwynn 8 วันที่ผ่านมา

      Take cash anyway. Gas stations charge less if you pay cash. They're sick of paying fees, too!

  • @wink196
    @wink196 9 วันที่ผ่านมา

    We, the American consumer understand that we pay these fees, every time I pay for something with a credit card I am charged $2. to cover for the fee the business is charged.

  • @galepierceson2231
    @galepierceson2231 13 วันที่ผ่านมา

    Trump’s proposal is well received.

  • @tome3427
    @tome3427 12 วันที่ผ่านมา

    They don't have the right participants at this meeting. Where are the Banks? To fix a problem, you have to understand it. The congressional participants in this hearing need help understanding the problem. The credit card environment has two sides: issuing and acquiring. Visa and Mastercard play on both sides. The hearing should have focused on the just Issuing side of the business, where the banks charge the US consumer exorbitant interest rates. The acquiring side of the industry also needs reform due to the exorbitant interchange rates, network fees, and processor markups, but that can wait.

  • @ducks-on-quack
    @ducks-on-quack 5 วันที่ผ่านมา

    So they can just use Amex and Mastercard or visa and they fulfil this law??? Got it…

  • @Jeff-td2ns
    @Jeff-td2ns 12 วันที่ผ่านมา

    you don't shit for cash back unless you spend stupid money

  • @Broker77
    @Broker77 13 วันที่ผ่านมา

    Now you know why they want a cashless society

  • @therealcnn5346
    @therealcnn5346 14 วันที่ผ่านมา

    The same inside traitors?

  • @redonk1740
    @redonk1740 13 วันที่ผ่านมา

    bUt CrYpTo HaS nO uSe CaSe 😉

  • @Cassander314
    @Cassander314 12 วันที่ผ่านมา

    Modulating the interchange fees as a means of eliminating unpaid credit balances by targeting the debtors’ merchants and raising their rates is a fantastic system