Business

Credit card competition legislation proposed

Updated 2026-06-04 18:20 UTC 1 source Positive

Senators are pushing for the Credit Card Competition Act to end Visa and Mastercard's monopoly on credit card swipe fees, which cost Americans an extra $1,200 per family annually.

Coverage timeline — 1 article
The Hill
The Credit Card Competition Act (CCCA) is needed to end Visa and Mastercard's monopoly on credit card swipe fees, which cost Americans an extra $1,200 per family every year, and to create competition in the credit card industry.
2026-06-04 18:00 UTC
Share: Twitter / X LinkedIn