Credit Card Competition Act of 2026

Summary

The bill directs the Federal Reserve Board to issue regulations within a year that stop large credit‑card issuers and payment‑card networks from limiting the number of networks a card can use or from forcing merchants to route transactions a certain way. It also creates a public list of networks deemed a national‑security risk or foreign‑state owned, which must be updated regularly. The goal is to increase competition and give merchants more freedom in processing credit‑card payments.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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