top of page
GRAYHOUSE GRAY.png

GrayHouse Poll For Taxpayers Protection Alliance Shows Voters Oppose Credit Card Price Controls

  • Landon Wall
  • 6 days ago
  • 2 min read

WASHINGTON, D.C. – Today, a new national GrayHouse survey of 1,000 registered voters, commissioned by the Taxpayers Protection Alliance (TPA), reveals a strong consumer preference for the current credit card system, underscoring widespread trust in credit card companies and networks like Visa and Mastercard. The findings send a clear warning to lawmakers: Americans are deeply concerned that the Credit Card Competition Act (CCCA) could threaten the benefits, security, and trust that underpin the system millions rely on every day. Key poll findings include:




Voters Trust Credit Card Issuers and Payment Networks

  • Supermajorities of voters express confidence in their credit card companies to handle key responsibilities, including fraud protection (77 percent) and the protection of personal data (75 percent).

  • Visa (78 percent) and Mastercard (73 percent) are the most trusted companies for data security and consumer protection, outranking retailers.


Credit Card Rewards Are Highly Valued

  • 79 percent of cardholders use rewards cards, and more than half (58 percent) use rewards regularly.


Voters Are Skeptical of Legislation That Risks the Current System

  • After hearing both sides of the CCCA, 60 percent oppose it.

  • 47 percent said they would be less likely to vote for a member of Congress who supported the bill.


In anticipation of the polling’s release, David Williams, president of TPA, offered the following comment:


“This polling clearly shows that people are happy with many of the services their credit cards offer including fraud protection, protection of personal data, and rewards programs. The polling also shows that Congress should reject the CCCA, which threatens the many benefits consumers receive from credit cards.

“The CCCA’s price controls will harm rather than help consumers. The bill could eliminate rewards programs, weaken fraud protections, reduce jobs, and would benefit large retailers more than consumers.  The history of previous legislation to institute price controls on debit cards should serve as a warning — a warning that apparently has not been heeded by price-control-happy politicians.


“Congress has no reason to advance the CCCA. It is both bad policy and unpopular.”

bottom of page