Unfair Credit Card Fees.com

Fight Unfair Credit Card Fees

The credit card interchange fee is the biggest credit card fee you've never heard of.  Nearly $2 of every $100 American consumers spend using credit cards go directly to the credit card industry through the interchange fee.

In 2007 alone, America consumers paid over $42 billion in credit card interchange fees.  Even consumers who don't use plastic pay more through higher prices.

And the credit card interchange fee is set in secret - consumers don't know they're paying it through higher retail prices.  Interchange fees have risen a staggering 133% since 2001.

A rare bi-partisan consensus has emerged:  HR 5546/S 3086, The Credit Card Fair Fee Act which stops the price-fixing by the credit card industry and uses a transparent market-based process.

New On UnfairCreditCardFees.com

• Merchants and Consumers Welcome Judiciary Committee Passage of Bipartisan Legislation to Crack Down on the Hidden and Excessive Credit Card Fees
  Credit Card Fair Fee Act Would Mean Free Market Transparency, End Card Price Fixing
  
• Three in Four Americans Support Credit Card Fair Fee Act
  National Poll Finds Voters Want To Rein In Hidden Credit Card Fees That Inflate Prices; Legislation Would End Credit Card Secret Price Fixing (Poll Results)
• Merchants Say that Visa Fee Cut is Less Than Meets the Eye
  Credit Card Fees on Gasoline Might Actually Be Higher, Not Lower, Under New Visa Program
  
• Credit Card Fair Fee Act Picks Up Bi-Partisan Support
  Legislation will address credit card industry practices that hurt small business and their customers
• Merchants Welcome Senate Legislation to Fix the Problem of Hidden Credit Card Interchange Fees
  Senator Richard Durbin (D-IL) introduced the "Credit Card Fair Fee Act of 2008," legislation that addresses the biggest credit card fee of all - the interchange fee, which cost Americans $42 billion last year.
• Hidden Credit Card Fee Draws Congressional Attention: House Judiciary Committee Holds Hearing on 'Credit Card Fee Act'
  Bi-partisan Legislation Aims to Reduce Hidden Credit Card Interchange Fee Through Transparency, Market-Based Remedy
• Hidden Credit Card Fees Under Congressional Scrutiny
  Ad Campaign Says U.S. Interchange Fees Are Among the Highest in the World
• Congress Introduces 'Credit Card Fair Fee Act'
  House Judiciary Committee Chairman John Conyers (D-MI) and Rep. Chris Cannon (R-UT) introduced the "Credit Card Fair Fee Act", legislation that for the first time deals with the biggest credit card fee of all - the interchange fee, which grew to $36 billion in 2006.
• EU Tells MasterCard to Cut Interchange Fees
  The European Union (EU) Competition Commission says that MasterCard's credit card interchange fees for consumers must be cut across the 26 member nations of the European community.