Credit Card ‘Swipe’ Fees Could Cost Consumers $683 Million on Valentine’s Day
Credit card swipe fees that President Donald Trump calls the “out of control Swipe Fee ripoff” could cost consumers more than $683 million in higher prices this Valentine’s Day, MPC said.
READ MORE +
MPC Hill Blast: Wall Street: Wrong Again
The track record is almost uncanny, but the giant Wall Street banks are notorious for saying one thing and then doing another. The latest example — debit card rewards.
READ MORE +MPC Hill Blast: Broad, Overwhelming Support for the Credit Card Competition Act
Support for the Credit Card Competition Act, which would create some much-needed competition for credit card companies where none exists today, is incredibly broad and deep.
READ MORE +
Merchants Welcome Unions’ Call to Pass Credit Card ‘Swipe’ Fee Reform
MPC welcomed the endorsement of the Credit Card Competition Act by three of the nation’s largest labor unions, who called on the Senate Agriculture Committee to “not lose sight” of credit card swipe fees as it considers cryptocurrency legislation set for a vote.
READ MORE +
Merchants Urge Senate Ag Committee to Approve Credit Card ‘Swipe’ Fee Amendment to Cryptocurrency Legislation
MPC and other merchant groups from across the country urged the Senate Agriculture Committee to include the Credit Card Competition Act, which was recently endorsed by President Donald Trump, as part of cryptocurrency marketplace structure legislation.
READ MORE +
Merchants Say ‘The President is Right’ on High Credit Card Company Profits
MPC welcomed concern about excessive credit card company profits voiced by President Donald Trump during remarks at the World Economic Forum in Davos, Switzerland.
READ MORE +MPC Hill Blast: Where Does All the Banks' Money Go?
The banks are bringing in big money: “Wall Street is rolling into the new year firing on all cylinders, after the nation’s biggest banks had one of the strongest years on record in 2025.”
READ MORE +
Merchants Welcome Durbin Call to ‘Get This Done’ After Trump Endorsement of Credit Card Competition Act
MPC welcomed remarks made by Senator Dick Durbin on the Senate floor as he called for passage of the Credit Card Competition Act two days after the measure was endorsed by President Donald Trump.
READ MORE +
Merchants Praise Congressional Reintroduction of the Credit Card Competition Act
The Merchants Payments Coalition praised the House and Senate reintroduction today of the bipartisan Credit Card Competition Act, which would force giant credit card companies to compete for business rather than simply gouging Main Street and its customers with high credit card swipe fees.
READ MORE +
Merchants Thank President Trump for Championing Main Street and Its Customers
The Merchants Payments Coalition today applauded President Trump’s strong words of support for the Credit Card Competition Act.
READ MORE +