The Credit Card Competition Act

The Credit Card Competition Act aims to lower swipe fees for merchants. But many disagree on what this means for consumers.

The Credit Card Competition Act of 2023 would give merchants network choice in processing transactions. It could impact consumers through lower rewards and security.

Bipartisan support for the Credit Card Competition Act has surged since it was introduced last year.

Senate appropriators’ decision to add $13.7 billion to the FY2024 spending caps cements a reality that’s been hovering over the Capitol.

The financial industry's campaign against the government's effort to curb fees is an attempt to flip the consumer protection argument on its head

A coalition representing Visa, Mastercard, JPMorgan Chase, and other finance giants is trying to turn Americans against efforts by Congress to curb junk fees.

Washington, D.C. – U.S. Senator Roger Marshall, M.D. spoke on the Senate Floor asking for unanimous consent for a vote to add the Credit Card Competition Act to the Federal Aviation Administration (FAA) Reauthorization.  For two years Senate Leadership has blocked this bipartisan bill from receiving a vote. Senator Marshall assured his colleagues he will not back down on […]

Proponents of credit rewards programs oppose a new bill that would cut down on swipe fees. But these costs are borne disproportionately by the poor.