Wired Wednesday: Can Congress Rein In Credit Card Fees?
(KMPH Screengrab)
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GV Wire’s Edward Smith talks with KMPH Fox 26 “Great Day” anchor Karl Cooke about the duopoly between Visa and Mastercard and the exorbitant transaction fees charged to customers.
Potential new regulations from Congress may force credit card companies to decrease the high fees, Smith explained.
Card companies have pushed back and say those fees help cover the costs of fraud and identity theft. Also, if new regulations are implemented, the “rewards” that credit card companies offer may be reduced.
Related Story: Credit Card Giants Drain Billions: Can Congress Take Action?
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Jahz Tello,
Videographer
Jahz joined GV Wire in early 2018 as a Video Production Assistant and is now a Videographer. He came to us with experience in video editing and production, most recently with Fresno State Athletics. Jahz received a Bachelor’s Degree in Multimedia from Fresno State in 2014. He has a passion for video, music and film. In his spare time, Jahz likes to cook, catch up on current events, listen to music and exercise. You can contact him at 559-492-4016 or Send an Email .
