Visa Talks to Lawmakers Following Trump's CCCA Endorsement -- Market Talk
Dow Jones
Jan 30
1828 ET [Dow Jones]--Visa Chief Executive Ryan McInerney says he is in active conversations with lawmakers about the Credit Card Competition Act, which President Trump endorsed via social media earlier this month. The bill threatens to limit Visa's sway on credit-card swipe fees, which are a substantial contributor to its profit. "We view it as our job to educate elected representatives on the impacts that the various policies that are being floated around could have," McInerney tells analysts, adding that the CCCA is "very harmful and it's just simply not needed." He believes the policy would result in reduced access to credit and fewer credit-card rewards. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
January 29, 2026 18:35 ET (23:35 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.