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Episode 82
June 05, 2023

The Credit Card Competition Act

Guest Speakers:
  • Sean Kennedy, Brennan Duckett
National Restaurant Association's Sean Kennedy and Brennan Duckett discuss the Credit Card Competition Act and advocacy efforts to pass the bill encouraging competition to reduce swipe fee rates.

In this episode, Sean Kennedy, Executive Vice President of Public Affairs, and Brennan Duckett, Technology and Innovation Policy Director for the National Restaurant Association, discuss the duopoly of Visa and Mastercard and the 20% increase in swipe fees in the past year. In advocating for the bill, Sean and Brennan encourage restaurant owners to share their stories of the outsized expense of swipe fees in restaurant owners' operations and aid in bringing a deeper understanding of the issue to Congress.

(01:36) – Swipe fees
(03:57) – Duopoly of Visa and Mastercard
(06:41) – The Credit Card Competition Act
(09:05) – Regulation
(11:15) – Rewards programs
(12:36) – Status of the Credit Card Competition Act
(14:09) – Sharing stories and data to create change

For more information, visit RestaurantsAct.com.

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Podcast episode production by Dante32.
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