National Association of College Stores Applauds President Trump’s Endorsement of the Credit Card Competition Act
Contact: publicrelations@nacs.org
FOR IMMEDIATE RELEASE
January 13, 2026
OBERLIN, OH (January 13, 2026) – The National Association of College Stores (NACS) today expressed its appreciation to President Donald J. Trump for his endorsement of the bipartisan Credit Card Competition Act, legislation aimed at increasing competition in the credit card marketplace and addressing rising payment processing costs.
College stores serve millions of students, families, and campus communities each year, providing essential course materials, technology, and everyday necessities. Excessive credit card swipe fees place a growing financial burden on these campus-based retailers and ultimately increase costs for students and parents. According to the Merchant Payments Coalition, swipe fees drove up the cost of school and college shopping by more than $3 billion this current school year.
“President Trump’s support for the Credit Card Competition Act recognizes the need for greater transparency and competition in the payments system,” said Richard Hershman, Vice President of Government Relations of the National Association of College Stores. “This legislation represents an important step toward lowering transaction costs for merchants of all sizes and helping ensure that students are not paying more than necessary for essential educational materials.”
The Credit Card Competition Act would give merchants more choice in how electronic payments are processed, fostering competition among networks and helping reduce fees that currently drive up prices for consumers.
NACS appreciates President Trump’s leadership on this issue and looks forward to continued bipartisan engagement with policymakers to advance solutions that support affordability, fairness, and choice in the payments ecosystem.
For all inquiries, please contact us at: rhershman@nacs.org.
About The National Association of College Stores: About The National Association of College Stores: The National Association of College Stores (NACS) is the professional trade association representing the collegiate retailing community. Our members are primarily campus stores owned by colleges, universities, and other nonprofit K-20 institutions across the United States. We conduct extensive research into course material use and affordability, partner with student organizations and other stakeholders to advance course material affordability efforts, establish best practices, and promote industry standards.
