Americans are sitting on $1.17 TRILLION dollars worth of debt to Visa & Mastercard

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Americans are sitting on $1.17 TRILLION dollars worth of debt to Visa & Mastercard
admin 2024/11/20 02:16

Visa & Mastercard are charging people an average 29% interest rate on that debt & while Americans are at their lowest THEY DOUBLED THE INTEREST RATES, “It's nearly doubled in the last 4 years”
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Visa & Mastercard are sitting in this hearing with 80% of the market, as a monopoly, telling Congress they do not want any competition…. It’s unreal

US Senator Josh Hawley “Maybe is it because Visa and Mastercard are effectively monopolies that control 80% of the market — yet your testimony here today is is you don't want any competition.”

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