Visa, MasterCard shares drop on debit-card vote

Posted May 14, 2010 at 10:56 a.m.

Associated Press | Credit card company Visa Inc. fell $7.28 to $78.45, while Mastercard Inc. fell $17.10 to $215.21, in early trading Friday, after the Senate voted to curb fees on debit cards. The 64-33 vote inserted the fee requirement in a package
of new financial rules the Senate is considering to ward off a repeat of
the financial crisis.


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