On January 13, Congress reintroduced the bipartisan Credit Card Competition Act (CCCA), which would force giant credit card companies, notably Visa and MasterCard, to compete for business. The reintroduction came after President Trump posted his support for the Credit Card Competition Act on social media. NACS has long encouraged passing the CCCA.
“We’ve been in litigation against the credit card industry for 20 years now,” Doug Kantor, NACS general counsel, said on a June 2025 episode of the NACS Convenience Matters podcast: ‘The Latest on Credit Card Swipe Fee Reform.’
“There are many pieces to the puzzle,” Kantor added. “The big one that our members have been most actively engaged in is legislation in Congress and that’s the Credit Card Competition Act.”
Kantor also testified before the Senate in a November 2024 hearing focused on the CCCA. In his testimony, Kantor pointed out that the huge costs of the system, which disproportionately impact lower-income Americans, are “an ongoing problem, and consumers don't know it. Everything about this is hidden from them. They're not aware of the role Visa and MasterCard play. They're not aware of the other processors in the system.”
Kantor discussed insights and takeaways from the Senate Judiciary Committee hearing on credit card swipe fees in the Convenience Matters podcast episode ‘Behind the Scenes of Scenes of the Senate Swipe Fees Hearing.’ Listen for more.
Senators Roger Marshall (R-KS) and Dick Durbin (D-IL) in the Senate, and Representatives Lance Gooden (R-TX) and Zoe Lofgren (D-CA) in the House were behind this week’s reintroduction of the bill.
“Senator Marshall’s office was really interested in the CCCA, they saw how unfair it was, how it is really a Main Street versus the largest Wall Street Mega banks, and wanted to champion the issue,” said Anna Ready Blom, strategic advisor to NACS, during the swipe fee podcast episode with Kantor. Listen to the full episode for more.
Don’t miss your opportunity to make sure your voice is heard. Join NACS for the upcoming Day on the Hill March 17-18 in Washington, D.C. You can also send emails to your lawmakers voicing your support for the CCCA through our Call to Action portal. The more industry voices that speak out on the issue, the more it increases the likelihood of finally getting a vote and winning that vote. Your participation matters and makes all the difference.
NACS will continue to advocate for the passage of the CCCA and will provide updates as they become available.