Capitol Account: OCC Chief Looks to Bolster Banks in Interchange Case
“It appears to be an outrageous power grab,” says Doug Kantor, (MPC Executive Committee member and) general counsel for the National Association of Convenience Stores, which backs the interchange limits.
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Doing Business in Bentonville: Is Legislation the Answer for Record Swipe Fee Costs?
As the Merchants Payments Coalition reports that these fees hit a staggering record of $198.25 billion in 2025, a nearly 6% increase from the previous year, the retail industry is looking toward Washington for a solution. At the heart of this movement is the Credit Card Competition Act (CCCA), a bipartisan legislative effort reintroduced in January 2026 with significant political momentum.
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Progressive Grocer: Record Swipe Fees Hit Holiday Shoppers Hard in 2026
According to the Merchants Payments Coalition (MPC), credit card fees are eating up a sizable chunk of the holiday spending share. MPC said that so-called “swipe fees” will add up to nearly $600 million in costs across the holiday, with individual shoppers absorbing roughly $4.62 in fees alone.
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AInvest: Small Businesses Shift Credit Card Fees to Customers—But Could a $17B Bill Kill the Squeeze?
The cumulative cost is staggering. The Merchants Payments Coalition estimates that these swipe fees cost the average American family nearly $1,200 annually. To put that in perspective, that's enough to buy a Barbie doll or a Lego set every month. It's the financial equivalent of a small, steady tax on every purchase made with a credit card.
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Politico Morning Money: Taking stock
In a novel bit of policy messaging, the Merchants Payments Coalition — which backs retailers in the years-long battle over card fees charged by banks and payments companies — has launched a new tracker linking the surge in gas prices to swipe fees.
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Vision Monday: Credit Card Swipe Fees Hit Record-Setting $198.25 Billion
Doug Kantor, Merchants Payments Coalition (MPC) executive committee member and National Association of Convenience Stores general counsel, commented on data that showed credit and debit card swipe fees, charged by banks and by card networks to merchants for transaction processing, has hit a new record of $198.25 billion, according to the MPC.
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Retail Customer Experience: Swipe fees hit record-setting $198.25B
Credit and debit card swipe fees, charged by banks and by card networks to merchants for transaction processing, has hit a new record of $198.25 billion, according to the Merchants Payments Coalition.
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Credit Unions Today: Merchants Renew Push For Credit Card Bill, Saying Easter Swipe Fees Will Top Half A Billion Dollars
Credit card “swipe fees” could add nearly $600 million to Americans’ Easter spending this year, according to the Merchants Payments Coalition, which said the added cost underscores fresh pressure on Congress to revive the bipartisan Credit Card Competition Act.
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Chain Store Age: Credit and debit card swipe fees, charged by banks and by card networks to merchants for transaction processing, has hit a new record of $198.25 billion, according to the Merchants Payments Coalition.
The Merchant Payments Coalition has a not-so-happy forecast for the financial impact of swipe fees on consumers who shop for Easter using credit cards.
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CardRates.com: Swipe Fees Reach $198 Billion as Merchants Escalate Fight Against Interchange Costs
The swipe fees on transactions from credit and debit cards reached a record amount of $198.25 billion in 2025, according to a new press release from the Merchants Payments Coalition. That figure represents more than a $10 billion increase over 2024 when swipe fees came in at $187.2 billion.
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