Letters to the Editor

Consumers bear the cost when government regulates more

By Rep. Greg Oblander

The Credit Card Competition Act has emerged as a controversial bill that Congress is expected to take up early this year. Under the guise of increasing competition in the credit card market, this legislation presents some serious threats to small businesses and credit card users. As is so often the case in Washington DC, a harmless-sounding title to a bill can be used to cover for hazardous details.

Competition is a good thing, at least when it emerges spontaneously in a free market. "Competition" imposed by governmen...