The consequences of President Donald Trump embracing the Credit Card Competition Act and a 10% rate cap continue to wind their way through Capitol Hill.
The swipe fee crackdown bill, led by Sens. Roger Marshall (R-Kan.) and Dick Durbin (D-Ill.), was formally reintroduced Tuesday afternoon. Even with GOP leadership cool to this policy, Trump’s embrace has set off a Wall Street scramble — all as bank advocates mount an all-out blitz on bipartisan crypto talks ahead of a high-stakes markup on Thursday.
