MPC Letter to the House Committee on Financial Services
The Merchants Payments Coalition applauds the Committee’s interest and concern with inflation as shown in today’s hearing on “The Inflation Equation: Corporate Profiteering, Supply Chain Bottlenecks and COVID-19” and requests to have this letter submitted into the hearing record. MPC advocates on behalf of the millions of Main Street merchants that accept credit and debit cards in every Congressional district.
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MPC's Comments on Clarification of the Fed's Regulation II
The Merchants Payments Coalition (MPC) is grateful for the opportunity to provide comment on the Board’s proposed clarification of Regulation II. The language of Regulation II is clear that two unaffiliated networks must be available for all debit transactions, yet for too many years many of the largest issuers have failed to meet that requirement.
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