The article is talking about retailer data breaches not credit card companies. If someone steals your CC and buys a bunch of stuff there’s 4 people who could b

The article is talking about retailer data breaches not credit card companies. If someone steals your CC and buys a bunch of stuff there’s 4 people who could be stuck with the bill. You, the merchant, Visa, and the bank who issues the card. Right now Visa is never paying though they still have a little hassle from such transactions. If you don’t notice you might get the bill and under special circumstances the bank might get stuck with it, but mostly it falls to the merchant. https://www.nerdwallet.com/article/credit-cards/merchants-victims-credit-card-fraud https://www.nerdwallet.com/article/credit-cards/merchants-vi... However, if Visa/Master Card etc had some actual liability you bet they would be some real changes.