EVP, Government Relations at the National Retail Federation (@nrfnews) in Washington, DC. Views are my own.
Joined March 2009
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16 Dec 2018
This is so cool.
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Affordability should start with anticompetitive swipe fees.
Rising #creditcard #swipefees are one of auto dealers’ top 10 expenses and an increasing number are surcharging for card use because “we can’t ignore this massive cost of acceptance,” consultant Amberly Allen says.
@pymnts #CreditCardCompetitionAct @SenatorDurbin @RogerMarshallMD @SenPeterWelch @LanceGooden @RepZoeLofgren tinyurl.com/5ayymtfe
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David G. French retweeted
Oklahoma should pass state legislation to ban #creditcard #swipefees on sales tax and tips “to keep Main Street dollars out of Wall Street hands,” the Oklahoma Hotel and Lodging Association says.
@GovStitt
tinyurl.com/2jz8ypku
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David G. French retweeted
Colorado Governor Jared Polis should sign legislation banning #creditcard #swipefees on sales tax because the measure “will save Colorado small businesses and their customers millions of dollars each year and keep that money in the local economy rather than sending it off to out-of-state megabanks and global card networks,” MPC Executive Committee member and NACS General Counsel @doug_Kantor says.
@NACSonline @GovofCO @colo_politics tinyurl.com/4ymtknrp
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David G. French retweeted
State Senator Cristina Castro says “Credit card giants are trying to scare you” with false claims about Illinois’ ban on #credit card #swipefees on sales tax and tips but “these claims are false.”
#CreditCardCompetitionAct @SenatorDurbin @GovPritzker @ILRetail @dailyherald tinyurl.com/mdnjbuxa
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David G. French retweeted
By using regulatory action to try to block Illinois’ ban on #creditcard #swipefees on sales tax and tips, the OCC is “prioritizing the bottom line of banks and credit card companies over meaningful relief for businesses and consumers,” Illinois Retail Merchants Association President and CEO Rob Karr says.
@GovPritzker @ILRetail @DTPaymentNews @USOCC
tinyurl.com/4cv697em
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Crazy. Credit card companies made $200 billion last year from swipe fees while spending just a fraction on airline miles for rewards cards. Meanwhile, almost everything you buy is more expensive -- even if you never use a credit card -- because of these hidden fees.
May 4
You might say that in some cases, instead of having airlines that run a credit card deal on the side, we have credit card companies that subsidize the air travel industry on the side. Courtney Miller observed last year, “No network airline made money moving people and things in 2024, including United Airlines and Delta Air Lines.”
Credit card companies purchase frequent flyer miles from the airline and reward them to the credit card user. Sometimes the credit card user redeems the miles and flies somewhere, but sometimes they don’t. But to the airline, it doesn’t matter that much, because the credit card company has already bought the miles and provided that revenue. In 2024, because of these payments from credit card companies, United, Delta, American, Southwest, and Alaskan Air all made operating profits.
Spirit Airlines had a credit card partnership with Bank of America. But this is another situation where large airlines have an advantage over smaller ones. After all, would you rather have a credit card and frequent flyer miles and potential free trips on a large airline that flies many places, or a smaller one that flies fewer places?
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David G. French retweeted
“#Creditcard fees are unreal. Sometimes, businesses get hit with a 3% or 4% credit card fee. So, from a business standpoint, we'd rather accept cash because then we don't get hit with that 3% or 4% fee," New York restaurant owner Elias Zeina says.
@SPECNews1CNY #CreditCardCompetitionAct #swipefee @SenatorDurbin @RogerMarshallMD @SenPeterWelch @LanceGooden @RepZoeLofgren @gillibrandny @SenSchumer tinyurl.com/4f3p9a4k
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David G. French retweeted
If Illinois’ ban on #creditcard #swipefees on sales tax and tips continues to survive legal challenges, TD Cowen policy analyst Jaret Seiberg says “it is only a matter of time before most other states adopt similar policies. It also likely encourages states to seek other limits on interchange fees using the same legal reasoning that these fees are set by networks rather than banks."
@AmerBanker @GovPritzker @ILRetail tinyurl.com/bdthtev4
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RT @MerchantsPymnts: End the Swipe Fee Ripoff, it's costing you 10¢ per gallon.
Tell Congress: Pass the Trump Endorsed Credit Card Competi…
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David G. French retweeted
With #creditcard #swipefees taking 2-4% out of each transaction, “Our retail members are more than happy to accept cash," National Retail Federation Senior Director of Government Relations Dylan Jeon says. "It's usually the cheapest form of payment for retailers."
#CreditCardCompetitionAct @SenatorDurbin @RogerMarshallMD @SenPeterWelch @LanceGooden @RepZoeLofgren @Newsday @NRFnews
tinyurl.com/3jfwa3ru
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David G. French retweeted
MPC is calling on the administration to retract rules issued by the OCC that would block state laws on #creditcard #swipefees, saying the move “flies in the face” of President Trump’s call for lower swipe fees and endorses the price-fixing of all fees charged by banks. @GovPritzker @ILRetail @realDonaldTrump @SenatorDurbin
tinyurl.com/yc5f3vaw
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David G. French retweeted
Delaware state Representative Kim Williams says she introduced a ban on #creditcard #swipefees on tips because “Why should a business pay an interchange fee on something that is not counted as revenue for their business? We’re not asking to remove the interchange fees on everything. We’re just saying don’t tax the tips.”
@derestaurant @MattMeyerDE tinyurl.com/p45pzk3c
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Apr 18
A little Brooklyn baseball to cheer on the @GSOHoppers at the second best amusement park baseball park in the US.
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David G. French retweeted
Today, Americans will spend $58,226,000 on swipe fees at the pump.
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David G. French retweeted
Pennsylvania state Senator Nick Pisciottano says #swipefees on #salestax and tips should be banned because “Small businesses are being charged a fee on collecting tax dollars they don’t even keep” and “At a time when families and small businesses are feeling the pressure of rising costs, we should not allow #creditcard companies to profit off Pennsylvania’s sales tax.”
#CreditCardCompetitionAct @SenPisciottano @PAFoodMerchants @prlaorg
tinyurl.com/2p9zrd3c
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David G. French retweeted
“#Swipefees drive up the cost of nearly everything we buy, and #Easter is no exception,” MPC Executive Committee member and National Retail Federation Senior Director of Government Relations Dylan Jeon says.
@CUTodayBuzz @NRFnews #CreditCardCompetitionAct @RogerMarshallMD @SenatorDurbin @SenPeterWelch @LanceGooden @RepZoeLofgren
tinyurl.com/3hx7tzwn
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California’s $20 fast-food minimum wage raised restaurant prices approximately 3–4 percent. Other prices including food-at-home exhibit no differential movement, pointing to wage-driven pass-through, from @jeffreypclemens, Olivia Edwards, Jonathan Meer, and Joshua D. Nguyen nber.org/papers/w34990
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