The Battle Over Credit Card Fees: GOP Senator, Progressives, and Populists Take a Stand

GOP Senator Roger Marshall is threatening to delay the vote on the annual defense policy bill unless his amendment targeting credit card swipe fees is included. Marshall and Senator Dick Durbin have reintroduced legislation to force major payment networks to compete on swipe fees, which has faced opposition from Wall Street and payment network lobbyists who argue it would benefit big box retailers at the expense of consumers and credit card reward programs.