Letters to Congress: Letter in Support of the Credit Card Competition Act of 2023

View or download a PDF of the letter here

Americans for Financial Reform sent a letter to the House Financial Services Committee and the Senate Banking Committee supporting the Credit Card Competition Act of 2023. The Credit Card Competition Act will introduce much needed competition in a captured market and benefit consumers. AFR endorsed the 2010 Durbin amendment which reformed swipe fees for debit cards and sees reforms for credit cards as the natural next step in completing swipe fee reform.