President Trump Calls Swipe Fees a "Ripoff" — What the Credit Card Competition Act Actually Does

President Trump Calls Swipe Fees a "Ripoff" — What the Credit Card Competition Act Actually Does

Compassion Processing
Published on: 09/05/2026

President Trump endorsed the Credit Card Competition Act, calling swipe fees a "ripoff." Here's what the bipartisan bill does — and why it matters now.

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