Reported 2 months ago
Warren Buffett's Berkshire Hathaway has a minor stake in Visa, a company known for its strong financial performance but facing significant regulatory risks. The introduction of the Durbin Amendment and the proposed Credit Card Competition Act have raised concerns about future profitability due to potential fee caps and increased regulatory action. Despite these challenges, Visa remains a dominant player with a robust business model benefiting from the shift towards cashless transactions.
Source: YAHOO