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Mosby

(19,331 posts)

3. Credit Card Competition Act

Reply to llmart (Original post)

Wed Feb 4, 2026, 03:18 PM

Wednesday

It's in the senate.

https://www.congress.gov/118/bills/s1838/BILLS-118s1838is.pdf

At a high level, the Credit Card Competition Act is intended to introduce additional competition into the credit card network market, which proponents argue is dominated by a small number of large networks. The bill has received bipartisan attention in prior Congresses, including Vice President Vance when he as a senator. The bill was recently reintroduced with Trump’s endorsement.

Here’s what its supporters claim it would do:

https://www.consumerfinancemonitor.com/2026/01/16/trump-takes-on-swipe-fees-what-he-said-and-why-it-matters/

It's a good bill, but the CC companies will probably kill it.

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I'm confused about recent articles regarding credit/debit card fees [View all] llmart Wednesday OP

The Felon's Credit Card Interest Cap Is a Scam pat_k Wednesday #1

Your linked articles aren't pertinent to my question though I still appreciate them. llmart Wednesday #2

That goes back to Dodd-Frank 2010. pat_k Wednesday #6

Thank you. llmart Wednesday #7

The cap on swipe fees remains 21 cents -- for now. pat_k Wednesday #8

Credit Card Competition Act Mosby Wednesday #3

Thank you for the link. llmart Wednesday #4

It used to be part of the contract with the processing companies nilram Wednesday #5

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