Congress Could Swipe Your Credit Card Reward Points

A plot to kill credit card reward points has bipartisan buy-in, with lawmakers framing the effort as an attempt to curb still-stubborn inflation. Don’t bank on it. Sens. Dick Durbin (D–Ill.) and J.D. Vance (R–Ohio) are two of the leading sponsors of the Credit Card Competition Act, which would artificially cap so-called swipe fees charged by […]