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Swipe Fees Hinder Job Creation and Economic Growth in US, Study Finds

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The Credit Card Con

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Consumers for Competitive Choice will launch a new report by former U.S. Under Secretary of Commerce Robert J. Shapiro entitled “The Costs of ‘Charging It’ in America: Assessing the Economic Impact of Interchange Fees for Credit Card and Debit Card Transactions.” The report, coauthored by economist Jiwon Vellucci, demonstrates how high credit card swipe fees (or interchange fees) continue to impede both job creation and economic growth in the United States, at a time when our country can least afford it. The live radio show will be hosted by Jim Conran, Executive Director of C4CC and will feature Dr. Robert J. Shapiro.

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