Native American Stores Say Reducing Credit Card Swipe Fees is ‘An Issue of Economic Sovereignty’
MPC welcomed a letter from tribally owned Native American convenience stores asking Congress to protect resources needed to provide tribal services by passing the Credit Card Competition Act.
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Merchants Welcome Appeals Court Ruling That Debit Swipe Fees Are Too High
MPC welcomed a federal appeals court decision upholding a lower court’s ruling that the Federal Reserve’s 2011 regulated rate for debit card “swipe” fees was set higher than intended by Congress.
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MPC Hill Blast: IRS: Swipe Fees Are Too Much to Absorb
You might have missed these new regulations from the IRS. The regulations say taxpayers who pay their taxes using a credit card will also need to pay a surcharge for the swipe fees.
READ MORE +MPC Hill Blast: POTUS and VP Endorse Credit Card Competition Act SEVEN Times This Year
President Trump has yet again expressed his support for the Credit Card Competition Act. In fact, he’s done it twice in a week. In total, the President and Vice President have now supported the CCCA seven times this year.
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Merchants Welcome Trump’s Latest Call to Pass the Credit Card Competition Act
MPC welcomed President Donald Trump’s latest call to pass the Credit Card Competition Act.
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Credit Card ‘Swipe’ Fees Account for Nearly $320 Million of Halloween Costs This Year
The rising “swipe” fees banks charge merchants to process credit card transactions will drive up the cost of Halloween spending by nearly $320 million this year, MPC said.
READ MORE +MPC Hill Blast: Americans Squeezed by Credit Card Interest and Swipe Fees — And the Hits Just Keep Coming
You may want to read this story from CBS. It points out ways that the credit card industry is hurting Americans.
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Credit Unions Today: Megabank Profits Fuel Renewed Push For Credit Card Swipe Fee Reform
With three of the nation's largest credit card issuing banks reporting billions of dollars in third-quarter profits, including a 40% earnings increase at Citigroup, the Merchants Payments Coalition (MPC) is renewing its call for Congress to pass legislation aimed at reducing credit card swipe fees. The coalition pointed to the earnings reports as evidence that financial institutions and card networks continue to profit handsomely while merchants and consumers face rising payment processing costs. “Another quarter, another round of multibillion-dollar profits for the megabanks, paid for in part by the swipe fees merchants and their customers are charged at every checkout,” MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor said. “Americans should have more money to spend, but they are getting squeezed by Visa and Mastercard operating the credit card industry as two big cartels. Their profits show the ripoffs of Americans just keep on coming.”
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Merchants Say Megabank Profits Show Congress Should Pass Credit Card Competition Act
Billions of dollars in quarterly profits reported by three of the nation’s largest credit card-issuing banks — including a 40% jump at Citigroup — show why Congress should end the “swipe fee ripoff,” MPC said.
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Entrepreneuer: 5 Things to Ask Your Credit Card Processor Before Signing a Contract
In 2009, U.S. merchants paid $62.1 billion to accept credit and debit cards. In 2025, they paid $198.25 billion, according to Nilson Report figures published by the Merchants Payments Coalition.
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