President Donald Trump is scheduled to pledge to reduce credit card swipe fees during his speech at the GOP midterm convention in Dallas on Wednesday. According to his prepared remarks, Trump will state, "We will cut out-of-control credit card swipe fees, saving the average family $1,200 per year." He will also assert that Americans should not pay seven to eight times more in these fees compared to other countries, referencing his previous actions to address similar issues. Earlier this year, Trump called on congressional lawmakers to support the Credit Card Competition Act, which he described in a social media post as a measure to "stop the out-of-control swipe fee ripoff." Additionally, Trump has previously suggested capping credit card interest rates at 10%. This story is developing, and updates will be provided as more information becomes available.
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Trump to Address Credit Card Swipe Fees at GOP Midterm Convention
President Trump will announce plans to reduce credit card swipe fees during his speech at the GOP midterm convention in Dallas. He claims this could save families approximately $1,200 annually and has previously advocated for the Credit Card Competition Act to address high fees.
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Trump will pledge to slash ‘out-of-control credit card swipe fees’ at GOP midterm convention
Trump to Address Credit Card Swipe Fees at GOP Midterm Convention