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Chu said that Harris has been engaged with CAPAC, citing a call with the vice president after announcing her candidacy for president.

A new day for the credit card wars

The two major U.S. payment companies agreed to a landmark settlement today that could scramble the fight over swipe fees in Washington.

Visa and Mastercard agreed this morning to settle a class-action antitrust lawsuit from merchants by cutting back on transaction fees, granting retailers more flexibility to pass charges along to consumers and requiring negotiations on fees for smaller sellers.

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Read our latest series

Our newest editorial project, in partnership with Google, explores how AI is advancing sectors across the U.S. economy and government through a four-part series.

 

Check out our fourth feature focused on AI and economic investment with Rep. Ashley Hinson (R-Iowa).

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.