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US Senator wants airline, credit card CEOs to testify on fees By Reuters

US Senator wants airline, credit card CEOs to testify on fees

© Reuters. FILE PHOTO: U.S. Senate Judiciary Committee Chairman Dick Durbin (D-IL) speaks to reporters outside a hearing on federal judge nominations on Capitol Hill in Washington, U.S. October 4, 2023. REUTERS/Jonathan Ernst/File Photo

WASHINGTON (Reuters) – The chair of the Senate Judiciary Committee on Monday asked the CEOs of American Airlines (NASDAQ:), United Airlines, Visa (NYSE:) and Mastercard (NYSE:) to testify at an April 9 hearing on credit card competition, according to letters seen by Reuters.

Senator Dick Durbin said in a statement to Reuters that American Airlines and United Airlines have “aggressively opposed efforts to bring competition to the credit card market in order to protect the billions of dollars in windfall profits their companies collect through their co-branded credit cards.”

The airlines and credit card companies did not immediately comment.

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