Trump Pushes Credit Card Competition Act
Trump urges Congress to pass bill requiring major banks to support two card networks.
In brief
Trump urges Congress to pass bill requiring major banks to support two card networks. Trump pushes Congress to pass Credit Card Competition Act to reduce swipe fees costing households $1,200 annually. Originally reported by Pymnts.
Trump urges bill
President Trump continues to urge Congress to pass the Credit Card Competition Act.
Bill requires two networks
The bill would require any card issued by major banks to support at least two card networks.
White House statement
White House spokeswoman Taylor Rogers said President Trump wants to save American families from hidden swipe fees costing $1,200 a year.
Senator Marshall supports
Senator Roger Marshall shared a link to the WSJ report saying the bill lowers cost of living for every American on every purchase.
The essence
Trump pushes Congress to pass Credit Card Competition Act to reduce swipe fees costing households $1,200 annually.
