Visa and Mastercard accused of being “monopolies” in card payments! 💳

- Accountable.US report: Visa & Mastercard spend over $80 million to prevent competition.

- They control the majority of card transactions in the US, causing sky-high card swipe fees.

- Liz Zelnick: Lack of competition increases costs for consumers and small businesses.

- DOJ sues Visa for anti-competitive behavior, stresses need for new laws.

- Credit Card Competition Act of 2023 proposed but no discussion date yet.

What do you think about this situation? Comment below! ⬇️