| Tell Your Elected Representatives to Support HR 5546, The Credit Card Fair Fee Act | |
Credit card fees known as interchange are hidden in the cost of nearly everything consumers buy. In 2006 alone, American consumers paid over $36 billion in credit card interchange fees. Even consumers who don’t use plastic pay more through higher prices. Visa issuers collectively set credit card interchange fees in secret and MasterCard issuers separately do the same. The fees can’t be negotiated and are not adequately disclosed to merchants or consumers.
Tell your elected representatives to support HR 5546, The Credit Card Fair Fee Act which stops the price-fixing by the credit card industry and provides an open and transparent process to negotiate credit card interchange fees.
Send your message now. Click here.
[Source: UnfairCreditCardFees.com]
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