A bill to be introduced by U.S. Representative Elise Stefanik and two other Republicans would bar the use of a new sales code for gun merchants, according to material seen by Reuters on Friday, setting up a clash with Democrats promoting the four-digit marker. While neither side may prevail in the closely-divided Congress, their competing bills show the continuing debate around use of a new merchant category code (MCC), an international standards body approved in 2022. Visa and Mastercard have said they will comply with a California law requiring use of the code, according to letters sent to lawmakers.
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(Bloomberg) -- Capital One Financial Corp., the US lender backed by Warren Buffett, is set to buy Discover Financial Services in a $35 billion deal that would bring together two of the biggest credit card firms and allow them to compete with other Wall Street behemoths. Here’s all you need to know about the acquisition and what it could mean for consumers: Most Read from BloombergNvidia Rises Most in About Nine Months as AI Drives SalesT-Bills Without Tax Bills? This Fund Says It Cracked the Cod