I may not agree with each of Senator Kennedy’s views, but this man is a true American patriot and such an understated genuis. He is a principled conservative and I suspect he could have a pleasant and polite conversation with any citizen. Here he’s using the bullypulpit as it was meant - while revealing none of his cards. Friggin brilliant. “He sends his regards.” “send them right back.” Friggin savage. Love Sen Kennedy.
Show up for what? lol I’d show up just for fun to be honest. Nobody owes these ghouls any time when their approval rating is lower than credit card companies. Unless I’m subpoenaed, kick rocks. I got shit to do
These are determined by the banks, not Visa or Mastercard, and are a result of the need to account for origination and servicing costs, fraud, charge offs, etc. Yes there are margins on charge cards, but the margins are still pretty modest. ALL of the interest goes to the bank
GLORY!!!I'm favoured, $21K every 3weeks! I can now give back to the locals in my community and also support God's work and the church. God bless 🇺🇸 ❤️❤️❤️
CEOs, chairmen, or any other high up people of position need to remember they are human and mortal, regardless of how much money they have. It's very serious and important that they remember that.
@Steeled18 I am well aware of the fine details of credit. However I just went through 4 years of Obiden. I had no choice but to carry a balance. Thank you
What about the intrest rates being charged for alternative financial services? Payday loans and such, alot of Americans have had to resort to this type of financial help just to put food on the table over the past 4 years.
Senator Kennedy is a real blessing to the US Senate. He is very bright and most experienced being a long serving member. Thank you, senator, for your ongoing endeavours.
i had relatives in brooklyn in the 60's who went to jail for loaning money at less interest than credit rates today-they called that loan sharking- these folks just smile on the way to the mansion
Sir, I thank God for you! SENATOR KENNEDY on credit card fees in Judiciary 11 19 24 Save until YOU can BUy what YOU have! . SO many in this last hurricane Season ,Have Said "I lost Every Thing" Their Family owned a house almost 70 years . $$$ House They had time to save *Now The Laws Changed and US GOVERMENT NOT BUILDING THEM ANOTHER ONE * . Fema ,Insurance, (Owners of House) UNstable! .NO Body can Get ANswers
The US Senate should really put a very short timeline on these companies. Set a date of 10 days and if these companies can't figure it out then do it for them.
Visa and Mastercard are only processors. They have virtually nothing to do with interest rates. Interest rates are set by the ISSUING BANK. Perhaps redirect to the banking industry...but, we know they will never do that. This is much like going after a business owner who collects tax (unpaid tax collector). It has nothing at all to do with who is processing the tax collection (people see it as "charging them tax"), it has to do with the state, county, etc who are setting the tax rates. Same goes for credit cards. The ISSUING BANK is imposing the interest rate, not the CC companies. The credit card companies issue credit cards for the lending institution and are paid by them to process charges.
Interchange is still absurdly high, and that is a problem. However, I don’t see how the CCCA is supposed to drive interchange fees down. My understanding is that Visa’s and Mastercard’s fees are already lower than their competitors
Senator Kennedy, I was in business and never truly understood why a merchant has to cover the cost of a credit card terminal and pay fees to conduct the bank's business...
They pass the taxes and regulation fees on too. If congress forces interest rates down, the companies will just restrict who they accept as customers. The only true answer is for people to quit living on credit and then also expecting government to solve all problems with more regulations and free money.
Nobody but nobody turns down an invitation to testify before Congress. There is no higher sign of someone who doesn't know their place than they won't accept an invitation from Congress or the White House. Shame on them. The board of Visa ought to fire that Chief for failure to effectively represent the company's interests in Washington. What could possibly be more important? Avoiding being told to fix your company?! Give me a break! Shareholders, customers and merchants *all* deserve better.
Going before congress where most of them are living in debt and cannot manage their own money. The congress that has put this country so far in debt. Most of them have no idea about running a business and only want to grandstand for the cameras. I would not want to go either.
Having to pay off the entire balance to get out from under the extra finance fee for using the cash option on a credit card would be something I would support changing. It is the never ending loan. What does it matter if the money goes to the person or a business? Why the extra anything?
If you carry a balance, there is no "cash option ". These used to be called revolving credit. You are adding balance at one end and taking off from the other. The only real solution is to work on a personal budget, pay them off, and quit using them. We used to keep a balance on 2or3 three cards. Started watching what we spent and got down to only one card and zero balance. We keep that only for emergencies.
What is the purpose of all these tie-fish sitting in the background? Do they provide a service of some sort? Will we miss them after DOGE is implemented? Get rid of all this gov't dead weight !
Hey Kennedy. We are watching your every move. and every vote. and even if yall keep the votes off the record the only thing that will accomplish is us blaming every damn one of yall. You better vote the will of the people and not your donors. And Rand Paul was right. Your flood insurance is for your rich donors in cocodrie and elsewhere. Because the middle class and the poor always get screwed and they get pick of the crop. We are sick of it. And you can pass that on to Cassidy and Johnson and Graves and every one else from Louisiana.
DISGRACEFUL "GOP Sens. Ted Cruz (Texas) and Mike Braun (Ind.) missed votes, allowing Senate Democrats to advance the nomination of Amir Ali to be U.S. District Judge for the District of Columbia and confirm Rebecca Pennell as U.S. District Judge for the Eastern District of Washington. Both advanced 50-48, with independent Sen. Joe Manchin (W.Va.) opposing Pennell and independent Sen. Kyrsten Sinema (Ariz.) voting against advancing Ali’s nomination."
We shouldn’t have to pay a fee to get our $ by a card issued by our bank, but they don’t have our back, it’s all about the $$$$ most people don’t carry a lot of cash, it’s not safe
Without these hearings, one wouldn't know what's going on. Also, one wouldn't know that Pelosi got rid of her Visa stock the day before the investigation into Visa would be announced the next day.
Sen. Kennedy is a national treasure
.
Senator Kennedy is a Great man❤❤❤.
GOD SPEED 🌞 SENATOR KENNEDY ☺️
Thank you Senator Kennedy for standing up for the citizens of these United States.
💯🇺🇸Sen. John Kennedy ❤
The Columbo of politicians, a brilliant low key inquisitor.
Just one more thing
I may not agree with each of Senator Kennedy’s views, but this man is a true American patriot and such an understated genuis.
He is a principled conservative and I suspect he could have a pleasant and polite conversation with any citizen.
Here he’s using the bullypulpit as it was meant - while revealing none of his cards.
Friggin brilliant.
“He sends his regards.”
“send them right back.”
Friggin savage. Love Sen Kennedy.
Unless it's an urgent family or medical situation, the VISA CEO should've shown up.
You know, and I know the reason why he did not show up. He did not want to be on the hot seat .
Or maybe the ceo is being prosecuted for sucking people dry the the bone
Show up for what? lol I’d show up just for fun to be honest. Nobody owes these ghouls any time when their approval rating is lower than credit card companies. Unless I’m subpoenaed, kick rocks. I got shit to do
@@moegreene7940lol, perfect answer
@@moegreene7940 Very disrespectful to We The People. 👎🏻
Even when you're quiet we can feel people trembling with fear. Thank you for defending us in fiery battles or peaceful silences.
The CEO was probably out buying another yacht!!
These idiots are so greedy that they can't even give a bone to the people that MAKE THEM RICH. Not to smart are they
Thank you for putting the date on this. I can't stand watching questioning and not knowing the date it occurred.
Yes!!
Me too
Same
So many channels posting old clips with new headlines for views.
So glad we have Senator Kennedy
Thank God for YOU SENATOR KENNEDY. ❤❤❤❤
Love Kennedy. Smart like a fox.
He sure is. I love how candid this man is.
The interest rate is out of control!! 21%,35%!!! ridiculous, greed.
These are determined by the banks, not Visa or Mastercard, and are a result of the need to account for origination and servicing costs, fraud, charge offs, etc. Yes there are margins on charge cards, but the margins are still pretty modest. ALL of the interest goes to the bank
Then don't borrow money. If you do borrow money and don't like the interest rates at one place, go somewhere else. It's a free market.
My credit rating is 751. Nov. 18, 2024 my interest rate for cash advances on my credit card is 37.1%.
It’s because people don’t pay them back
@@HaroldThomas-wx5et . Yeah that's ridiculous!!!
Shouldn't have to pay 27-30% interest with excellent credit score.
I have 800+ and my interest is ~19%
Just don't use credit cards. If you must, pay off immediately. 0% interest that way.
No one forces anyone to carry a credit card balance though
GLORY!!!I'm favoured, $21K every 3weeks! I can now give back to the locals in my community and also support God's work and the church. God bless 🇺🇸 ❤️❤️❤️
Congratulations!! The scriptures clearly states there's going a transference of the riches of the heathen to the righteous.God keep blessings you.
But how do you make so much in a month? mind sharing?
It's Laura Lee Fair doing she's changed my life. A BROKER- like her is what you need.
I really feel your pain, when I was even almost down my God sent to me Laura Lee Fair services cryp to me and changed the game automatically
Great, I just Googled her info, and everything about her is pretty great and awesome.
Brilliant and powerful words from our great Senator Kennedy 🫶
must be nice to ignore a congressional hearing
Senator Kennedy you speak with such eloquence those who are getting an ear full best pay attention! 👏 😊
That was eloquent and precise. I hope Visa & MC get the message and produce a good policy response. We’ll see.
“Send regards right back to him” - southern translation “Bless his heart” 😂. Love Kennedy!!!
I loved it too!! Too good!!!!
He is really a genius. We need him right where he’s at!
CEOs, chairmen, or any other high up people of position need to remember they are human and mortal, regardless of how much money they have.
It's very serious and important that they remember that.
More lies from thieves.
Pure GREED!!!
I pay 30% on all my cards. It doesn't matter what its for. It's insane
@Plutogalaxy considering you have zero idea of my work and credit history..your reasoning is more trolling than helpful
Don’t carry a balance
@Steeled18 I am well aware of the fine details of credit. However I just went through 4 years of Obiden. I had no choice but to carry a balance. Thank you
@@BassAckwards2020not really, you can't dig yourself out of problems, by borrowing more money
@RJ1999x at 30% interest...no you cannot
Always a pleasure to watch this man work.
Love My Senator. We all know the conflict with VISA ceo.
What about the intrest rates being charged for alternative financial services? Payday loans and such, alot of Americans have had to resort to this type of financial help just to put food on the table over the past 4 years.
DROP THE FEES !!!!!!!!!!!!!
A portion of the fees goes to the issuing bank to cover servicing costs. They will never go away completely
"Send em right back to him!"
Freakin savage. Loved that line! How he delivered it - spot on!!
I know the country will be less protected with the retirement of Mr. Kennedy. God bless him.
SENATOR KENNEDY WOULDVE BEEN A GREAT PRESIDENT
thank you Sen. Kennedy
Senator Kennedy is a real blessing to the US Senate. He is very bright and most experienced being a long serving member. Thank you, senator, for your ongoing endeavours.
i had relatives in brooklyn in the 60's who went to jail for loaning money at less interest than credit rates today-they called that loan sharking- these folks just smile on the way to the mansion
No doubt. It’s loan sharking, pure and simple.
Thank you sir.
Only a moron would borrow money at 30% interest. Apparently, we are a country of morons.
They target teens with no discipline or wisdom. It's predatory. They set up booths with freebies at college campuses constantly
Many credit card accounts never have revolving balances, meaning the account holder never pays any interest
@brady3126 too many people run a budget just like congress. Put it on a card until it is maxed out.
Senator Kennedy you are a great leader!! I so appreciate your work for Americans. ❤🇺🇸🙏
To busy to attend a requested meeting before the United States Senate. Thank you Senator Kennedy.
Sir, I thank God for you! SENATOR KENNEDY on credit card fees in Judiciary 11 19 24 Save until YOU can BUy what YOU have! . SO many in this last hurricane Season ,Have Said "I lost Every Thing" Their Family owned a house almost 70 years . $$$ House They had time to save *Now The Laws Changed and US GOVERMENT NOT BUILDING THEM ANOTHER ONE * . Fema ,Insurance, (Owners of House) UNstable! .NO Body can Get ANswers
Malaysian here,I wish that it has a similar congressman in our country,god bless Kennedy sir
Talk about str8 up with LOVE, BUT, No Chaser! This is what we LOVE and appreciate about Senator Kennedy 💪🇺🇸👏🏾👏🏾
We need more people like you to protect America
Yes, please work it out. No government involvement.
Well said, Senator Kennedy.
🇺🇸💜🇬🇧
I wanna go to Mr Kennedy's xmas party. I bet its cozy, interesting and full of love and joy.
Hello my favorite Senator ❤ I'm from Oklahoma nonetheless
I really like Senator Kennedy, he's funny but serious at the same times.
Kennedy’s wit is as sharp as his principles
He said nothing.
Using credit cards is a choice. Just don't use them. Most people buy crap they don't need then whine about having to pay it back.
I love John Kennedy!! We need a country full of strong men like him!!!
He didn't say anything.
The US Senate should really put a very short timeline on these companies. Set a date of 10 days and if these companies can't figure it out then do it for them.
Visa and Mastercard are only processors. They have virtually nothing to do with interest rates. Interest rates are set by the ISSUING BANK. Perhaps redirect to the banking industry...but, we know they will never do that.
This is much like going after a business owner who collects tax (unpaid tax collector). It has nothing at all to do with who is processing the tax collection (people see it as "charging them tax"), it has to do with the state, county, etc who are setting the tax rates. Same goes for credit cards. The ISSUING BANK is imposing the interest rate, not the CC companies. The credit card companies issue credit cards for the lending institution and are paid by them to process charges.
Interchange is still absurdly high, and that is a problem. However, I don’t see how the CCCA is supposed to drive interchange fees down. My understanding is that Visa’s and Mastercard’s fees are already lower than their competitors
Thank You Senator Kennedy.🇺🇸
Get Kennedy
God Bless you Senator Kennedy!! 🙏🏻 ❤
All about themselves and filling their own pockets!!!
What's this have to do with clobashar? ❣️ Sen Kennedy
Thank god they are asking about this! 33% interest rates by Synchrony credit cards!!!
CCCA will not drive down interest rates
These little gatherings are always useless…
Loan shark fees
My guy ❤
Senator Kennedy,
I was in business and never truly understood why a merchant has to cover the cost of a credit card terminal and pay fees to conduct the bank's business...
23% interest on CC is ridiculous no late payments great credit. WTH 30+ years ago it was 6-8%
The fees get passed on to the consumer along with the enormous interest rates. It's the banks that should stand trial.
They pass the taxes and regulation fees on too. If congress forces interest rates down, the companies will just restrict who they accept as customers.
The only true answer is for people to quit living on credit and then also expecting government to solve all problems with more regulations and free money.
Kennedy is amazing
Nobody but nobody turns down an invitation to testify before Congress. There is no higher sign of someone who doesn't know their place than they won't accept an invitation from Congress or the White House. Shame on them. The board of Visa ought to fire that Chief for failure to effectively represent the company's interests in Washington. What could possibly be more important? Avoiding being told to fix your company?! Give me a break! Shareholders, customers and merchants *all* deserve better.
Going before congress where most of them are living in debt and cannot manage their own money. The congress that has put this country so far in debt. Most of them have no idea about running a business and only want to grandstand for the cameras.
I would not want to go either.
Damn did he really have to do my Cowboys dirty like that? 😭
These are MAFIA percentages!!
0:51 oh man love that. Such a witty reply by the senetor.😂
Please do something about it!
CEO knows he was going to get him arse kicked
Over 50% profit margin, $1.1 + trillion owed to them, 28% average interest rates and you want them to "work this out"? Cap the interest rates. Period.
Credit Cards are a hook to get one in debt for life.
Having to pay off the entire balance to get out from under the extra finance fee for using the cash option on a credit card would be something I would support changing. It is the never ending loan. What does it matter if the money goes to the person or a business? Why the extra anything?
If you carry a balance, there is no "cash option ". These used to be called revolving credit. You are adding balance at one end and taking off from the other. The only real solution is to work on a personal budget, pay them off, and quit using them.
We used to keep a balance on 2or3 three cards. Started watching what we spent and got down to only one card and zero balance. We keep that only for emergencies.
good job
What is the purpose of all these tie-fish sitting in the background? Do they provide a service of some sort? Will we miss them after DOGE is implemented? Get rid of all this gov't dead weight !
Senator kennedy🙏❤🙏
Hey Kennedy. We are watching your every move. and every vote. and even if yall keep the votes off the record the only thing that will accomplish is us blaming every damn one of yall. You better vote the will of the people and not your donors. And Rand Paul was right. Your flood insurance is for your rich donors in cocodrie and elsewhere. Because the middle class and the poor always get screwed and they get pick of the crop. We are sick of it. And you can pass that on to Cassidy and Johnson and Graves and every one else from Louisiana.
The monopoly has to stop
SELLOUT!
3 years ago cap one raised my apr from 7.9% to 29.9% Trump president elect. Apr is now 17.9% same happened under obama
Greed! I had wished that Senator Kennedy would have been part of Donald Trump’s cabinet! He is one great senator
If he would have voted for Rick Scott maybe he would’ve been.
Unable OR UNWILLING?🙄🤬
❤ senator kennedy
Kennedy, you didn’t vote for Rick Scott. You lost me, sir. You’re all talk.
I agree.. He showed his true stripes and isn't really on board with the America first agenda.
It is amazing that these people can face their families. I suppose they corrupt their kids at a young age.
Republican congress has had many opportunities to actually do something, but they’re all talk..
DISGRACEFUL "GOP Sens. Ted Cruz (Texas) and Mike Braun (Ind.) missed votes, allowing Senate Democrats to advance the nomination of Amir Ali to be U.S. District Judge for the District of Columbia and confirm Rebecca Pennell as U.S. District Judge for the Eastern District of Washington. Both advanced 50-48, with independent Sen. Joe Manchin (W.Va.) opposing Pennell and independent Sen. Kyrsten Sinema (Ariz.) voting against advancing Ali’s nomination."
Yep THIS AINT A INJURY LAWSUIT. BUT YOU THINK IT IS. ITS THEFT BY DECEPTION 🤬
Monopolies are not a free market.
I'm starting a credit card company!
Do it. Find out what it costs to run a business.
The interest rate to high
We shouldn’t have to pay a fee to get our $ by a card issued by our bank, but they don’t have our back, it’s all about the $$$$ most people don’t carry a lot of cash, it’s not safe
Carry a checkbook.
So Kennedy talked for over 5 minutes and said nothing. Typical mushmouth Kennedy.
Mr. Kennedy, sometimes it's best to be quite and have people think you're an idiot then open your mouth and prove it.
The master
Do you realize all y'all are allowed to do is hold meaningless hearing?
Without these hearings, one wouldn't know what's going on. Also, one wouldn't know that Pelosi got rid of her Visa stock the day before the investigation into Visa would be announced the next day.