MPC Hill Blast: Native American Businesses Support the Credit Card Competition Act
Native American businesses get unfairly charged huge credit card swipe fees – just like off-reservation businesses. Here are some of their voices.
READ MORE +MPC Hill Blast: Small Businesses Are ‘At a Critical Inflection Point’
A recent survey of small businesses found that while 71% have had increased or at least steady sales, 44% have seen profits fall, 91% have had increased operational expenses, 76% have expenses rising faster than sales, and 73% said “government tends to do more to disadvantage small businesses than it does to help small businesses.”
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The Well News: The Road to Innovation and Prosperity
Op-ed by MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor and PDX Advisors CEO Shane Rodgers says the Credit Card Competition Act, the GENIUS Act and the STABLE Act "would work together to open the current market to competition and lay the regulatory groundwork we need for the new market to take flight."
READ MORE +MPC Hill Blast: Your Favorite Restaurant is in Trouble
The top three restaurant costs are food, labor, and credit card swipe fees. and in the last 4 years food is up 29%, labor 31% and swipe fees 70%.
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Open Banker: Don’t Let the Banking Borgs Fool You
Op-ed by MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor says "resistance isn’t futile" despite banks' opposition to swipe fee reform and urges "Resist away with full confidence that limiting the banks’ abuses on debit, credit, fees and the like won’t harm consumers. Don’t buy the bank lobby nonsense."
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Senate Banking Committee: Ahead of Historic Senate Vote, Key Stakeholders Voice Support for GENIUS Act
“The U.S. payments system desperately needs innovation, and a sound regulatory framework for stablecoins is one key step in achieving that,” said Chris Jones, Merchants Payments Coalition Executive Committee Member and Senior Vice President of Government Relations and Counsel, National Grocers Association. “For too long the dominant payments industry players have used their positions to stop innovation and competition. The GENIUS Act is a good step on the road to positive change.”
READ MORE +Stillaguamish Tribe of Indians Endorses Credit Card Competition Act
ARLINGTON, Wash., May 6, 2025 – The Stillaguamish Tribe of Indians, which operates several tribal facilities and businesses on its reservation in Washington state, today called on
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Payments Dive: Durbin to keep pushing card bill
Durbin is waiting for the right moment, says Doug Kantor, who serves as general counsel for the National Association of Convenience stores and who has been a major proponent of the proposal since it landed in 2022. Durbin’s camp is keeping an eye out for a larger bill that would be a suitable vehicle for carrying the legislation across the finish line, Kantor said in an interview last week. The lack of movement this year has probably been a result of the chambers being preoccupied with other major issues like the budget, he said. The Merchants Payments Coalition, which includes the National Retail Federation and the National Restaurant Association, among others, has also encouraged the legislation. “There is a broad and growing recognition that the credit card companies don’t do business the right way, and this bill may be one piece of addressing that,” Kantor said.
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Mass Market Retailers: Merchants report Credit Card Competition Act will still be needed following Capital One/Discover Merger
“Visa and Mastercard dominate the credit card market and the Capital One-Discover merger won’t change anything about that,” MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor said. “With Visa and Mastercard controlling more than 80% of the market and price-fixing swipe fees on behalf of each of their banks, there is no competition on swipe fees merchants are charged. Discover is only 3.5% of the credit card network market now and Capital One-Discover combined will only be 3.5% of the credit card network market after the merger is done. Nothing there helps at all with the swipe fee problem.”
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Merchants Say Credit Card Competition Act Will Still Be Needed Following Capital One/Discover Merger
MPC said passage of the Credit Card Competition Act is still needed to bring competition to billions of dollars in soaring credit card “swipe” fees despite regulatory approval of Capital One’s plans to acquire Discover.
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