The Credit Card Competition Act tackles fees that hurt consumers and small businesses ...Middle East

The Hill - News

At a time of cost-consciousness, some light is finally beginning to shine on a previously lesser-known factor that hikes prices on all goods that Americans purchase: swipe fees. And legislation in Congress stands to address the issue and provide relief to consumers and small businesses. Most consumers have some notion of the fees that are charged every time they use a credit card to pay for goods or services. While the fee is nominally charged to the business that takes the card, in reality, these are passed on to consumers the same way other costs are. These fees amount to more than $137.8 billion each year and have a profound negative economic impact on consumers from all demogra

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Last updated : 09 Dec 2022 clock 03:32 PM

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The Credit Card Competition Act tackles fees that hurt consumers and small businesses ...Middle East

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