CSP Daily News: Senators reintroduce Credit Card Competition Act after Trump endorses bill to lower swipe fees
“Thank you, President Trump, for protecting America’s consumers and Main Street businesses,” said MPC Executive Committee member and NACS General Counsel Doug Kantor. “Giant credit card companies and Wall Street banks have gotten away with price-fixing credit card swipe fees and sticking everyday Americans with the bill for years. The average family pays $1,200 more each year just to cover these fees. Enough is enough, and the President deserves enormous credit for taking on this issue that secretly eats away at every family’s budget.”
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Progressive Grocer: Retailers Enthusiastic About Reintroduced Credit Card Competition Act
“Credit card swipe fees burden working Americans and Main Street by fanning the flames of inflation,” asserted MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor. “The average family pays $1,200 more each year in higher prices because of the price-fixing of these fees. It’s time to pass the Credit Card Competition Act to bring fairness and competition to the broken credit card system.”
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Digital Transactions: The CCCA Gets New Life Thanks to a Presidential Endorsement
“The President recognizes the drain on affordability swipe fees create,” says Doug Kantor, an executive committee member at the Merchants Payment Council and general counsel for the National Association of Convenience Stores. “The [Trump Administration] has been aware of this bill for a long time and follows these issues closely.” Trump’s endorsement of the CCCA “improves its chances of passage dramatically,” Kantor adds.
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NACS Daily: Congress Reintroduces Credit Card Competition Act
“From President Trump endorsing the bill to Senator Durbin making a push for passage on the Senate floor, momentum to finally bring competition to credit card swipe fees is at the highest level we’ve ever seen and is building quickly,” NACS General Counsel and Merchants Payments Coalition Executive Committee member Doug Kantor said. “When Donald Trump, Roger Marshall, Dick Durbin, Lance Gooden and Zoe Lofgren all agree on something, that’s a clear sign that this is a non-partisan issue that impacts American families across the political spectrum. These fees have driven up costs for small businesses and prices for consumers for far too long. The time to pass the Credit Card Competition Act has come.”
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Mass Market Retailers: FMI Celebrates Congressional Sponsors for Reintroducing Credit Card Competition Act
Swipe fees average nearly $1,200 per American household, according to the Merchants Payments Coalition.
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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.
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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.
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Payments Dive: Credit Card Competition bill wins Trump support
The credit card competition bill would pass Congress if it were able to reach a vote, predicted Doug Kantor, an executive with the Merchant Payments Coalition and general counsel of the National Association of Convenience Stores. Both organizations have battled card networks over swipe fees for years. The average U.S. family pays $1,200 each year in higher prices due to “the broken credit card system,” the MPC said Tuesday in a press release praising the bills’ reintroduction.
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MPC Hill Blast: Visa to Raise Small Business Swipe Fees on Jan. 24
The calendar has barely turned to 2026, and credit card swipe fees are increasing again. The credit card giants keep pretending otherwise, but year after year they dramatically increase swipe fees.
READ MORE +MPC Hill Blast: Visa to Raise Small Business Swipe Fees on Jan. 24
The calendar has barely turned to 2026, and credit card swipe fees are increasing again. The credit card giants keep pretending otherwise, but year after year they dramatically increase swipe fees.
READ MORE +