'Why the Credit Card Competition Act Matters'

"As the owner of a large and growing independent bookstore in Northern New England, I've dedicated myself to building a space where books, ideas, and community all come together. But as in any good story, there are plenty of hurdles before you reach a happy ending. In our case, one rising cost that's hard to shelve is credit card 'swipe fees'.... That's why the Credit Card Competition Act matters. The bipartisan bill--which is expected to be reintroduced in the current Congress--would inject long-overdue competition into the payments system....

"Bookstores like mine are the backbone of the New Hampshire economy. But in order to stay afloat, we can't operate in an environment where credit card giants take too much on every transaction. It's time for the state's elected leaders in Congress to deliver us some fairness--and give local businesses the breathing room we need to grow."

--Michael Herrmann, owner of Gibson's Bookstore, Concord, N.H., in the Union Leader
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