"Utterly without merit" is how Visa lobbyist Lamar Smith characterized an Aug. 13 article in The Wall Street Journal that described the credit card giant as a pip-squeak in Washington.

Mr. Smith said the newspaper was fed "misinformation" by an "uninformed" executive at a large money-center bank. "The Wall Street Journal talked to the wrong person," he said. "Most in the industry are well aware of our lobbying efforts."

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