Senate judiciary committee hearing looks at the burden of credit card costs

The Judiciary Committee held a hearing to discuss competition and fees in the credit card system, featuring testimonies from key figures in the industry. Chris Callahan, a bookstore owner, highlighted the burden of credit card fees on small businesses, advocating for the Credit Card Competition Act to address market failures and improve the payment system. The hearing aimed to explore solutions to reduce costs for merchants and consumers.

What new insight or understanding did you gain from this video?