The credit card industry's reactions ranged from indifference to dismay. A Visa spokesperson told Reuters that the payment platform provider was "disappointed" about a late amendment to the bill curbing interchange fees for signature debit card transactions. Visa and MasterCard shares took major hits on global stock exchanges after the Senate's vote was announced. Senate and House lawmakers must now reconcile individual versions of their bills before completing a final vote this summer.
About the Author
Joe Taylor Jr. is an internal business consultant for a Fortune 500 company, who writes about finance, culture, and design. He holds a Bachelor of Science in Communications from Ithaca College.