NGA Statement on Preliminary Approval of Proposed Credit Card Swipe Fee Settlement

• June 10, 2026

Washington, D.C. - The National Grocers Association (NGA), which represents the independent supermarket industry, issued the following statement regarding the court's preliminary approval of the proposed Visa and Mastercard credit card swipe fee settlement:

"The National Grocers Association is disappointed that the court has chosen not to address the reasonable concerns raised by objectors and improve the proposed B2 settlement in a way that would meaningfully increase competition and reduce swipe fees for merchants and consumers.

"At a time when families are focused on affordability, Visa, Mastercard, and the nation's largest banks continue to benefit from a lack of competition in the credit card market. Congress should act by passing the bipartisan Credit Card Competition Act (CCCA), a commonsense solution that would increase competition, help lower costs, and deliver savings for consumers and Main Street businesses alike. With bipartisan support in Congress and the endorsement of President Trump, lawmakers should seize this opportunity to deliver meaningful reform by passing the CCCA."

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About the National Grocers Association

NGA is the national trade association representing the retail and wholesale community grocers that comprise the independent sector of the food distribution industry. An independent retailer is a privately owned or controlled food retail company operating a variety of formats. The independent grocery sector is accountable for about 1.2 percent of the nation's overall economy and is responsible for generating more than $250 billion in sales, 1.1 million jobs, $39 billion in wages and $36 billion in taxes. NGA members include retail and wholesale grocers located in every congressional district across the country, as well as state grocers' associations, manufacturers and service suppliers. For more information about NGA, visit www.nationalgrocers.org.