March 24, 2025

Joint Trades Letter Opposing Credit Card Competition Act

ICBA and other groups reiterated their strong opposition to the Credit Card Competition Act or any other expansion of the Durbin amendment. The groups said any legislative initiatives to expand the power of the federal government to intervene in the U.S. credit card market would harm consumers, small businesses and financial institutions by reducing choice, increasing costs and fraud risks, and creating economic challenges for smaller financial institutions.