Why Visa and Mastercard are seeing their sharpest stock drops in half a year
Visa and Mastercard are experiencing significant stock declines, with Visa down 4.8% and Mastercard down 5.2%, amid concerns over President Trump's support for the Credit Card Competition Act. This proposal could require merchants to have access to alternative, lower-cost credit card routing options, potentially impacting the companies' operations. Analysts express skepticism about the bill's potential success, viewing it as a flawed solution to high card costs. Investors are wary of the implications for credit access and the regulatory environment, interpreting Trump's comments as political posturing ahead of the midterms.
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