Press Releases
September 20, 2023
“Thank you to Senators Durbin, Marshall, Welch and Vance for their tireless advocacy on behalf of Main Street businesses," MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor said. "We need Congress to follow the lead of these champions of Main Street. With Visa and Mastercard hiking fees and creating new ones just next month, it’s time to pass the Credit Card Competition Act.”
September 18, 2023
Nearly two-thirds of likely voters support credit card swipe fee reform, according to a new survey released by MPC.
September 13, 2023
MPC welcomed remarks on the Senate floor by sponsors of the Credit Card Competition Act addressing Visa and Mastercard’s reported plans to increase credit card swipe fees by more than $500 million beginning next month.
July 26, 2023
MPC welcomed the announcement by Senator Roger Marshall, R-Kan., that the Senate plans to vote on the Credit Card Competition Act.
July 24, 2023
MPC welcomed new research showing passage of the Credit Card Competition Act should have virtually no impact on credit card rewards and that banks could easily afford to continue offering rewards.
July 20, 2023
“Swipe” fees banks charge merchants to process credit card transactions will drive up the price of school and college supplies by more than $3 billion this year and cost the average family between $20 and $30, MPC said.
July 18, 2023
MPC announced that the Asian American Hotel Owners Association has joined the coalition, adding to the ranks of merchant groups fighting for a competitive market for credit card “swipe” fees.
June 26, 2023
“Swipe” fees banks and card networks charge to process credit card transactions could drive up consumers’ cost of celebrating the Fourth of July by more than $500 million this year, MPC said.
June 13, 2023
MPC welcomed a new estimate showing that passage of the Credit Card Competition Act would save merchants and their customers at least $15 billion a year.
June 08, 2023
Close to 2,000 companies and a total of 270 trade associations from across the country signed letters this week calling on Congress to pass the Credit Card Competition Act, the Merchants Payments Coalition said.