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President Trump backs Durbin's bill to lower credit card swipe fees

Durbin reintroduced the swipe-fee bill with Sen. Roger Marshall, and President Trump endorsed their proposal.

President Trump backs Durbin's bill to lower credit card swipe fees
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Outlet credibilityNbcchicago77/100 HIGH
This article1 analysis · Oct 11, 2026
Jan 13, 2026
tl;dr

President Donald Trump endorsed a bipartisan bill from Sens. Dick Durbin and Roger Marshall that would require large banks to support multiple card networks, a change intended to lower swipe fees. Banking and credit union groups warn it could reduce security and credit card rewards.

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Richard J. Durbin D · IL · SEN
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Richard J. Durbin
D · IL · SEN

Senator and co-sponsor of the Credit Card Competition Act

PRIMARY SUBJECT
Donald Trump
R · President of the United States

President who endorsed the Credit Card Competition Act

Trump's version of this story ↗
Roger Marshall
R · KS · SEN

Senator and co-sponsor of the Credit Card Competition Act

Marshall's version of this story ↗
ALSO MENTIONED  JB Pritzker, Governor of Illinois who signed the state’s Interchange Fee Prohibition Act

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