Ryan Fournier pushes Credit Card Competition Act as swipe fees hit $187B

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Swipe fees reach $187B

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Olga Shendetskaya

10.01.2026

Ryan Fournier pushes Credit Card Competition Act as swipe fees hit $187B — @RyanAFournier: Swipe fees reach $187B

Ryan Fournier has drawn attention to the substantial profit made by credit card companies from swipe fees, which amounted to $187 billion last year. He emphasized that the average American family paid over a thousand dollars in these fees, potentially without realizing it.

Fournier is calling on President Trump and Congress to take legislative action by passing the Credit Card Competition Act to address these fees.

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