Reminder: Urge Lawmakers To Support the Credit Card Competition Act
August 21, 2023
Please continue your outreach over the August recess while our Pennsylvania congressional delegation is back home in the state to let them know that you want them to cosponsor/support this important legislation. The banks are using every single tool possible to prevent this important legislation from getting to the floor and threatening that credit card rewards will disappear. In a new research paper released recently, global payments consulting firm CMSPI estimated that credit card rewards would be reduced by less than one-tenth of 1 percent “at most” if the legislation becomes law.