Big Week in the Cards

In a hearing on Wednesday, Aug. 14, U.S. District Judge Richard Leon will try to force the U.S. Federal Reserve to either appeal his recent decision vacating the Fed board's debit-interchange rules or agree to a timetable for fixing them. The result could produce a key inflection point -- positive or negative -- for recently depressed Visa (V) and a mixed bag for MasterCard (MA).

Both of these stocks are multi-baggers since lows experienced during Sen. Richard Durbin's (D., Ill.) 2010 floor assault on debit "swipe fees" during the peak of populist fever that ultimately yielded the Dodd-Frank Act. Passage of his amendment (forcing the Fed to set "reasonable and proportionate" debit fee caps as well as new rules to force more routing competition) upended expectations of steadily growing revenue for the card networks....574 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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