Promotes competition in credit card transactions by restricting certain practices of major card issuers and networks.

The Credit Card Competition Act of 2026 aims to enhance competition in credit card transactions by amending the Electronic Fund Transfer Act. It mandates the Board of Governors of the Federal Reserve System to establish regulations that prevent major card issuers and networks from restricting the number of networks that can process credit card transactions. Specifically, it prohibits issuers from limiting transactions to a single network or two affiliated networks, unless one is on a national security risk list.

Promotes competition in credit card transactions by restricting certain practices of major card issuers and networks.

The Credit Card Competition Act of 2026 aims to enhance competition in credit card transactions by amending the Electronic Fund Transfer Act. It mandates the Board of Governors of the Federal Reserve System to establish regulations that prevent major card issuers and networks from restricting the number of networks that can process credit card transactions. Specifically, it prohibits issuers from limiting transactions to a single network or two affiliated networks, unless one is on a national security risk list.