For some small businesses these swipe fees become their second or third largest expense. And many have been hired forced to raise prices. As a result. Americans pay the highest swipe fees in the world. The Credit Card Competition Act would bring [swipe fees] down leading to savings for businesses and lower prices for consumers. Look forward to hearing the witnesses today. And Ms. Caron, welcome from Illinois. (01:24–01:32)
CLAIM
Asserts that the Credit Card Competition Act would reduce swipe fees, benefiting businesses and consumers.
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