Tag Archives: Credit Card Competition Act

The U.S. Department of Justice (DOJ) has filed an antitrust lawsuit against Visa, claiming the company is monopolizing debit card transactions and penalizing industry participants that want to use alternative debit networks.  Annually, Americans—including many who lack easy access to …

Visa and Mastercard have settled a nearly 20-year dispute with merchants over credit card fees, agreeing to cap interchange rates through 2030. According to AP, the agreement allows small businesses to have similar bargaining power to large companies in regard …

The Merchants Payments Coalition (MPC) announced it has joined Senator Richard Durbin, D-Ill., in calling for the Senate to vote on the Credit Card Competition Act (CCCA). The bill has not been voted on since it was reintroduced in the …

The Federal Reserve released a proposal to lower the cap on debit card transaction fees, known as swipe fees. The National Retail Federation (NRF) responded to the proposal, saying it is a welcome move but leaves the fees higher than …

AIMED AT ENHANCING COMPETITION and choice in the credit card network market, the Credit Card Competition Act (CCCA) was introduced in July 2023 into the U.S. House and Senate. The CCCA strives to reduce credit card interchange fees, also known …

The Merchants Payments Coalition welcomed the announcement by Senator Roger Marshall, R-Kan., that the Senate plans to vote on the Credit Card Competition Act (CCCA), a bill that will reduce swipe fees. “Today, we were given assurances that the Credit …