Senate Judiciary: Competition needed to lower cost of credit, debit card transactions

1 of 4 | Bill Sheedy, senior adviser to the CEO at Visa, looks on during the Senate Judiciary Committee hearing on Tuesday. Photo by Bonnie Cash/UPI | License Photo
Nov. 19 (UPI) — Many consumers use credit cards that levy fees on transactions, but many members of the Senate Judiciary Committee want to lower the cost of those fees through increased competition. The Senate Judiciary Committee on Tuesday morning held a hearing titled,