The National Retail Federation (NRF) and the Merchants Payments Coalition are gathering support for the Credit Card Competition Act (CCCA) through state-specific sign-on letters. Businesses that sign will be included in letters sent to their Members of Congress ahead of the bill’s anticipated reintroduction in early spring.
The bipartisan CCCA aims to increase competition in the credit card routing market by requiring major financial institutions to offer multiple network options for processing transactions. This would give merchants the ability to choose networks based on service quality, security, and interchange rates.
State retail associations are encouraged to share the sign-on letter with their members and help collect as many signatures as possible. While there is no official deadline, the goal is to gather significant support before reintroduction.
For more details or to sign on, click here.
