Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Retailers are reporting record holiday sales this season of $598 billion as of Christmas Eve, fueled by confidence in the pro-business, pro-jobs economic polices of President Donald Trump of cutting Obama-era regulations and enacting major tax cuts and reforms. Yet media reports by CBS, AP and the Wall Street Journal all failed to mention President Trump in their reports on the record sales.
Visa Inc. and MasterCard Inc., the world's largest payments networks, are once again facing criticism from U.S. Senator Richard Durbin over bank-card fees. Durbin, the Illinois Democrat whose amendment to the 2010 Dodd-Frank Act capped debit-card swipe fees, sent a letter Thursday to MasterCard Chief Executive Officer Ajay Banga asking for more information about charges the company levies on card issuers when purchases made with one of its brands are processed by a competing network.