The Credit Card Competition Act

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<br/>For more information, visit RestaurantsAct.com.This podcast is intended for general informational purposes, and nothing in this podcast shall be deemed to create or grant any rights to any third parties.If you'd like to receive new episodes as they're published, please subscribe to Order Up in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.