# How Credit Card Swipe Fees Became Multibillion Dollar Tolls (Second Request)

Page: https://stenobird.com/podcast/the-capitol-forum-podcast-3964355/how-credit-card-swipe-fees-became-multibillion-dollar-tolls-second-request
Text version: https://stenobird.com/podcast/the-capitol-forum-podcast-3964355/how-credit-card-swipe-fees-became-multibillion-dollar-tolls-second-request.md
Podcast: [The Capitol Forum](https://stenobird.com/podcast/the-capitol-forum-podcast-3964355)
Published: 2026-07-22T17:35:01+00:00
Episode link: https://play.prx.org/listen?ge=prx_16065_3b8814b9-4ae2-4d7a-8a30-e1db0bc6099e&uf=https%3A%2F%2Fpublicfeeds.net%2Ff%2F16065%2Ffeed-rss.xml
Audio file: https://dts.podtrac.com/redirect.mp3/dovetail.prxu.org/16065/3b8814b9-4ae2-4d7a-8a30-e1db0bc6099e/SR_Doughtery.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/the-capitol-forum-podcast-3964355/episodes/how-credit-card-swipe-fees-became-multibillion-dollar-tolls-second-request
Duration seconds: 3740

## Resource

Today on Second Request , Executive Editor Teddy Downey sits down with Carter Dougherty, senior fellow for anti-monopoly and finance at Demand Progress, who argues that Visa and Mastercard enable banks to coordinate pricing without ever explicitly agreeing to it — and makes the case for how the Credit Card Competition Act, ongoing antitrust litigation, and a more aggressive enforcement posture could finally break the duopoly's grip on the payments market.

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## Transcript

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