The Mega Banks and credit card companies are sticking it to consumers.
But Rep. Lance Gooden is fighting for Texas Businesses and Consumers to break the credit card monopoly that charges the highest “swipe” fees in the world.
- Every time consumers use credit cards, Mega Banks are raking in BILLIONS! With every swipe, they charge 2-3% more.
- Since COVID, swipe fees are up more than 50%, costing the average American Family over $1,000 per year.
- Visa and Mastercard control 80%+ of the US credit card market and fix fees to enrich themselves and the mega-banks: JP Morgan Chase, Wells Fargo, Bank of America, and Citi.
Now the Big Banks and Credit Card companies are hiding behind phony groups to attack Rep. Gooden for standing up for us.