Posts filed under Credit Cards

OPINION: Opposition to Credit Card Competition Act

Photo source: Merchant’s Payment Coalition

I am writing as a concerned resident of Lafayette, Louisiana, to express my strong opposition to Democrat Senator Dick Durbin's Credit Card Competition Act (CCCA). If this law is passed, it will have severe repercussions for our community's access to affordable air travel and could endanger the sustainability of our local airport.

In Lafayette, our flight options are already limited and often come with a high price. Many of us rely on credit card rewards earned through co-branded airline cards to make air travel feasible. These reward programs are vital for us, enabling visits to family, pursuing career opportunities, and supporting our local economy through tourism.

The potential elimination of these reward programs, as major airlines fear due to the CCCA, could lead to less activity in our local market. This shift would not only inconvenience us but also pose a significant risk to the viability of our local airport.

Regional airports like Lafayette Regional Airport are essential for connecting our community to the wider world. They are crucial for local businesses, tourism, and overall economic growth. Let’s not pass any legislation that would stifle this important fixture of our community. 

We need Senator Kennedy and Senator Cassidy to oppose the CCCA and focus on solutions that promote healthy competition without undermining the accessibility of air travel for communities like ours. Preserving credit card rewards programs is critical for maintaining affordable flight options and ensuring the sustainability of regional airports.

Sincerely,

Rob Broussard

Lafayette, Louisiana

Posted on July 17, 2024 and filed under Credit Cards.