Visa, Mastercard Execs Get SPANKED In Senate Hearing

Visa and Mastercard execs were berated by Sen. Josh Hawley, Sen. Dick Durbin and others for expensive swipe fees. Ana Kasparian discusses on The Young Turks. Your Support is Crucial to the Show: https://go.tyt.com/jointoday

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"WASHINGTON (TNND) — Credit card giants Visa and Mastercard are on defense against accusations that the fees they charge retailers for processing credit cards are running up costs for businesses and consumers in an industry that is mostly dominated by two companies.

Swipe fees have become a more prominent issue for retailers as consumers have shifted away from cash to debit and credit cards and racked up more purchases that require use of payment networks that take a cut of every sale."

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