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7 August 2026

Trump doubles down on Credit Card Competition Act as merchants paid $198 billion in swipe fees last year

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Source reporting: https://finance.yahoo.com/news/rssindex

Trump doubles down on Credit Card Competition Act as merchants paid $198 billion in swipe fees last year

The president is once again backing a bill that could shave down the fees hidden in card swipes — and banks are spending millions trying to kill the legislation.

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