URGENT MESSAGE: Urge these groups to support credit card reform

Millions of retailers, ecommerce business and consumers are fed up with soaring credit card merchant interchange fees – $64 billion dollar annually, but there is something we can all do right now. Fight back against MasterCard, Visa and its thousands of member banks.

Support credit card reform and please contact the below organizations today.

Tell Congress to Stop Unfair Debit Card Fees
Tell Your Elected Officials that Delaying Swipe Fee Reform is Unacceptable

Credit card fees known as swipe fees are hidden in the cost of nearly everything consumers buy. In 2008 alone, American merchants and consumers paid over $48 billion in swipe fees. Even consumers who don’t use plastic pay more through higher prices. Visa issuers collectively set credit card interchange fees in secret and MasterCard issuers separately do the same. The fees can’t be negotiated and are not adequately disclosed to merchants or consumers.

Tell your Members of Congress to stop the price-fixing by the credit card industry and provide an open and transparent process to negotiate swipe fees by supporting swipe fee reforms in their current form. Delay is not an option.


I am writing to you today to urge you to vote NO on any type of delay of the debit card swipe fee reform. 

Congress should make it easier, not harder, to offer consumer discounts; delaying swipe fee reform will make discounting nearly impossible.   And discounting is all the more important as gasoline tops $4 a gallon.  

The same big banks that were bailed out a few years back are asking Congress to turn its back on American business owners and consumers, so that the credit card companies and their banking allies can keep on gouging Main Street Americans with their price-fixing swipe fee scheme.

Swipe fee reform was designed to bring fairness and transparency to the shrouded swipe fee payments system. The law says that the big banks have a choice: they can open the fees to competition and charge whatever price the market permits or they can continue to fix their fees, but those price-fixed fees must be “reasonable and proportional” to their costs.

Congress has held 9 hearings and 1 markup on swipe fees and the GAO has issued 3 reports. I can read the writing between the lines. I know that S. 575 and H.R. 1081 were not written to study the swipe fees that are crippling my business and every consumer in your district; they were written using the big banks’ scare tactics in order to completely derail these reforms.  These aren’t “study” bills…they are “kill” bills.

Americans pay the highest swipe fees in the world.  Merchants and consumers have been waiting for years to see these reforms realized, and every month of delay means another $1 billion that we have to hand over to the big banks and credit card companies.

I can’t tell you strongly enough how important this is to businesses in your district like mine.  Please stand with your constituents, including business owners and consumer, and make sure that swipe fee reforms are allowed to take effect this summer.

Hispanic Chamber of Commerce of Northern Illinois (IL)

Latin Business Association (Los Angeles, CA)

Napa County Hispanic Chamber of Commerce (CA)

Latin American & Caribbean Business Chamber of Commerce (CA)
Nicaraguan American Chamber of Commerce Northern California (CA)
Hispanic Chamber of Commerce of Silicon Valley (CA)

Hispanic Chamber of Commerce, Alameda County (CA)

Camara de Comercio Agrupacion de Comerciantes de San Jose (CA)

San Diego County Hispanic Chamber of Commerce (CA)

Solano Hispanic Chamber of Commerce (CA)

Hispano Chamber of Commerce de Las Cruces (NM)
Brooklyn (Kings County) Hispanic Chamber of Commerce (NY)
Westchester Hispanic Chamber of Commerce (NY)
Latin Chamber of Commerce of Nevada

Illinois Hispanic Chamber of Commerce
Florida State Hispanic Chamber of Commerce
New York State Coalition of Hispanic Chambers of Commerce

                        Bodega Association of the USA 
                        Bronx Hispanic Chamber of Commerce           
                        Buffalo Hispanic Chamber of Commerce
                        Cosmetology & Beauty Chamber of Commerce                 
                        Dominican Chamber of Commerce 
                        Hunts Point Chamber of Commerce
                        Jewish & Latino Chamber of Commerce 
                        New York State Hispanic & Minority Daycare Chamber of Commerce 
                        New York State Hispanic Junior Chamber of Commerce 
                        New York Statewide Hispanic & Minority Veterans Chamber of Commerce
                        Rochester Hispanic Chamber of Commerce 
                        State of Albany Region Hispanic & Minority Chamber of Commerce
                        Syracuse Hispanic Chamber of Commerce 
                        Queens Hispanic Chamber of Commerce 
                        Westchester Hispanic Professional Association 
                        Yonkers Mexican Chamber of Commerce
                        New York State Women’s Hispanic Chamber of Commerce
                        New York State Hispanics in Real Estate and Construction
                        New York Greater Mexican Chamber of Commerce
                        New York City LGBT Chamber of Commerce
                        New American Chamber of Commerce
                        Latino Bar Association of Queens
                        Latino Association of Tax Preparers, Inc (LATAX)

Northern California Independent Booksellers Association
Small Business California

Main Street Alliance
Small Business Majority
American Booksellers Association

National Supermarket Association

Salvadoran American Chamber of Commerce



Aspira Association, Inc.

Cuban American National Council (CNC)

Hispanic Association of Colleges & Universities (HACU)

Hispanic Federation

Labor Council for Latin American Advancement, AFL-CIO (LCLAA)

League of United Latin American Citizens (LULAC)

Mana, A National Latina Organization

Mexican American Legal Defense & Education Fund (MALDEF)

National Association of Hispanic Federal Executives (NAHFE)

National Association of Hispanic Publications (NAHP)

National Conference of Puerto Rican Women

National Hispana Leadership Institute

National Hispanic Caucus of State Legislators (NHCSL)

National Hispanic Council on Aging (NHCOA)

National Hispanic Environmental Council (NHEC)

National Hispanic Foundation for the Arts (NHFA)

National Hispanic Media Coalition (NHMC)

National Hispanic Medical Association (NHMA)

National Institute for Latino Policy (NILP)

National Puerto Rican Coalition, Inc. (NPRC)

Self Reliance Foundation

SER – Jobs for Progress National, Inc.

Southwest Voter Registration Education Project (SVREP)

U.S. Hispanic Leadership Institute (USHLI)

United States-Mexico Chamber of Commerce


Native American Tribes

The Saginaw Chippewa Indian Tribe of Michigan

Mashantucket Pequot Tribal Nation

Pokagon Band of Potawatomi Indians

Pechanga Band of Luiseno Mission Indians

Pueblo of Laguna


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