Credit Unions Today: 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, the Merchants Payments Coalition said. “For restaurants, swipe fees are anything but a love story,” MPC Executive Committee member and National Restaurant Association Director of Technology and Innovation Policy Brennan Duckett said. “On one of the year’s biggest dining holidays, these excessive fees raise costs for restaurant operators and for every couple trying to enjoy a special night out. It’s time for Congress to show some love to small businesses and their guests by passing the Credit Card Competition Act.”
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CPA Practice Advisor: Credit Card ‘Swipe’ Fees Could Cost Consumers $683 Million on Valentine’s Day
Credit card swipe fees could cost consumers more than $683 million in higher prices this Valentine’s Day, the Merchants Payments Coalition said today. “For restaurants, swipe fees are anything but a love story,” MPC Executive Committee member and National Restaurant Association Director of Technology and Innovation Policy Brennan Duckett said. “On one of the year’s biggest dining holidays, these excessive fees raise costs for restaurant operators and for every couple trying to enjoy a special night out. It’s time for Congress to show some love to small businesses and their guests by passing the Credit Card Competition Act.”
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Hardware Retailing: Valentine’s Day Shoppers Face $683 Million in Credit Card Swipe Fees
Credit card swipe fees could cost consumers over $683 million in higher prices this Valentine’s Day, according to The Merchants Payment Coalition. “For restaurants, swipe fees are anything but a love story,” says MPC executive committee member and National Restaurant Association director of technology and innovation policy Brennan Duckett. “On one of the year’s biggest dining holidays, these excessive fees raise costs for restaurant operators and for every couple trying to enjoy a special night out. It’s time for Congress to show some love to small businesses and their guests by passing the Credit Card Competition Act.”
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Digital Transactions: It’s CCCA Times Two As Congress Drops an Attachment Effort
The aim of amending the CCCA was to avoid the prospect that members of the Agriculture Committee, which is debating the Digital Asset Market Structure and Investor Protection Act, would argue the CCCA should fall under the purview of the Senate Banking Committee, which has debated prior versions of the CCCA, says Doug Kantor, an executive committee member at the Merchants Payment Council and general counsel for the National Association of Convenience Stores. “[CCCA sponsors] Durbin and Marshall have always said they will seize any opportunity to try and get the bill passed, and [attaching it] looked like a good opportunity,” Kantor says.
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Digital Transactions: In Other News
The Merchants Payments Coalition, advocates of the Credit Card Competition Act, said four large labor unions endorsed the CCCA’s passage.
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WebProNews: Swipe Fee Showdown: Merchants Hijack Crypto Bill for Card Reform Clash
In a bold legislative maneuver, merchants and bipartisan senators are pressing to embed credit-card swipe fee reforms into cryptocurrency market structure legislation before the Senate Agriculture Committee. Nearly 350 trade associations, led by the Merchants Payments Coalition, urged the panel on January 26, 2026, to approve an amendment sponsored by Sens. Roger Marshall (R-Kan.), Richard Durbin (D-Ill.), and Peter Welch (D-Vt.). The push comes as the committee prepares for a markup on the Digital Asset Market Structure and Investor Protection Act, known as the Clarity Act, highlighting tensions between Main Street retailers and Wall Street banks amid soaring transaction costs.
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Credit Unions Today: Merchants Urge Senate To Attach Credit Card Competition Act To Crypto Bill
The Merchants Payments Coalition and hundreds of retail and business groups are urging the Senate Agriculture Committee to include the Credit Card Competition Act (CCCA) in pending cryptocurrency market-structure legislation, citing rising swipe fees and President Donald Trump’s recent endorsement of the measure.
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Mass Market Retailers: Retailers call on Senate to pass swipe‑fee amendment
The Merchants Payments Coalition and nearly 350 merchant trade associations urged the Senate Agriculture Committee to include the Credit Card Competition Act (CCCA) as an amendment to upcoming cryptocurrency marketplace legislation. The CCCA was recently endorsed by President Trump.
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Chain Drug Review: Retailers urge Senate to approve swipe‑fee amendment
The Merchants Payments Coalition and nearly 350 merchant trade associations urged the Senate Agriculture Committee to include the Credit Card Competition Act (CCCA) as an amendment to upcoming cryptocurrency marketplace legislation. The CCCA was recently endorsed by President Trump. “We call on you to choose Main Street merchants and American consumers over Wall Street megabanks and global card networks,” the organizations said in a letter to members of the committee. “While this legislation would benefit all merchants, it is small retailers who are calling for swipe fee reform more than any other segment of our industry. Small retailers have the narrowest profit margins and fewest resources and are hit hardest by continuing unjustified increases in swipe fees.”
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Gifts and Decorative Accessories: Merchants Push Senate Ag Committee to Approve Swipe Fee Reform in Crypto Legislation
The Merchants Payments Coalition and other merchant groups from across the country today 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. “We call on you to choose Main Street merchants and American consumers over Wall Street megabanks and global card networks,” the organizations said in a letter to members of the committee. “While this legislation would benefit all merchants, it is small retailers who are calling for swipe fee reform more than any other segment of our industry. Small retailers have the narrowest profit margins and fewest resources and are hit hardest by continuing unjustified increases in swipe fees.”
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