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Politics July 11, 2026

Bank of America and JPMorgan Chase Explore Potential Partnership to Increase Card Transaction Fees

Bank of America and JPMorgan Chase Explore Potential Partnership to Increase Card Transaction Fees

Talks are underway regarding a potential purchase of a payment network from Fiserv, though they are described as preliminary and tentative.

Some have expressed private concerns that such a deal could prompt backlash from lawmakers, regulators, and merchants.

Due to the potentially volatile optics of unifying both Democrats and Republicans against a common foe, there is no certainty a deal will happen.

Bank of America signage displayed on a building corner, featuring a black background with gold lettering and logo, indicating a financial institution location.

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