# Trump, Vance Renew Push for Credit Card Competition Act

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/28516
Published: 2026-10-08T20:42:22.000Z
Updated: 2026-10-08T20:42:22.000Z
Section: Regulation

> The bill would require banks to support additional payment networks, potentially reducing fees and challenging Visa and Mastercard’s market share.

President Donald Trump and Vice President JD Vance have renewed support for the Credit Card Competition Act during campaign appearances ahead of the midterm elections, reviving debate over how U.S. credit card transactions are routed.

The bill would require banks to support additional payment networks, giving merchants more choice among networks when processing credit card payments. The legislation could reduce fees and pressure Visa and Mastercard’s market share.

The payment industry argues the measure could hurt consumers and has said passage is unlikely. Visa and Mastercard shares, along with those of other card companies, rose modestly after the renewed attention.