How Louisiana Residents Can Fight High Credit Card Fees
SHREVEPORT, LA - Businesses want something done now to curb fees they pay to credit card companies. If you know anyone who owns a business, you’ve probably heard them complain about how much they have to pay for the privilege of accepting credit cards.
Congress is now working on a bill to tighten up what the credit card companies can charge. It's called the Credit Card Competition Act. A vote could come during this session of Congress.
The National Retail Federation is urging members to keep the pressure up on elected officials to make changes. They want relief from excessive and unfair credit card swipe fees.
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You can click here to urge Congress to pass reform measures.
Most businesses have to increase prices to account for the credit card fees since more and more Americans are paying with debit or credit cards rather than cash.