Press Releases
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.
June 07, 2023
MPC welcomed reintroduction of the Credit Card Competition Act, saying the measure would provide relief from billions of dollars in rapidly rising “swipe” fees that drive up prices for consumers.
May 19, 2023
MPC said an agreement in Canada to lower credit card “swipe” fees shows that the fees could be reduced in the United States as well.
May 01, 2023
Rising “swipe” fees big banks and credit card networks charge merchants to process transactions could cost consumers nearly $800 million this Mother’s Day, MPC said.