The Battle Over Credit Card Fees: GOP Senator, Progressives, and Populists Take a Stand
TL;DR
GOP Senator Roger Marshall is threatening to delay the vote on the annual defense policy bill unless his amendment targeting credit card swipe fees is included. Marshall and Senator Dick Durbin have reintroduced legislation to force major payment networks to compete on swipe fees, which has faced opposition from Wall Street and payment network lobbyists who argue it would benefit big box retailers at the expense of consumers and credit card reward programs.
Topics:businesspolitics#credit-card-fees#gop#national-defense-authorization-act#politics#senator-roger-marshall#swipe-fees
- GOP senator threatening to hold up NDAA over credit card fees POLITICO
- Progressives and Populist Republicans Are Coming for Your Credit Card Rewards Reason
- Banks can rest easy on Durbin's credit card swipe fee bill — this time American Banker
- Progressives and Populists vs. the Credit Card Market Townhall
- Biden's clash with banks over credit card fees sparks lobbying blitz - POLITICO POLITICO
- View Full Coverage on Google News
Want the full story? Read the original reporting
Read on POLITICO