Congress Reintroduces Federal Fix to Rising Swipe Fees

With the debt limit deal behind them, Congress can now turn its attention to other priorities. At the top of this list should be tackling rising swipe fees that are costing American families an average of $1,000 a year. 

While Congress and the Biden administration have shed light on "junk fees" and worked towards greater transparency, another insidious fee has slipped under the radar, slyly adding to the cost of every purchase we make – swipe fees. These fees and the additional costs they incur are concealed from consumers, and it is imperative that we bring this issue to the forefront of legislative action.