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New Jersey merchants deserve relief from credit card swipe fees | Opinion

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New Jersey merchants deserve relief from credit card swipe fees | Opinion



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  • The Credit Card Competition Act (CCCA) aims to reduce credit card swipe fees charged to small businesses.
  • New Jersey small businesses paid over $3 billion in swipe fees in 2023, impacting consumers through increased prices.
  • The CCCA would introduce competition among credit card networks, potentially saving New Jersey businesses and consumers $475 million annually.
  • Passing the CCCA is urged to lower costs for businesses and consumers nationwide.

New Jersey residentss are still anxiously awaiting the significant financial relief that was promised on the 2024 campaign trail. Providing economic relief and helping out mom and pop businesses are a cornerstone of sensible policy and the type of kitchen table issues that matter to us as voters. And with Americans more concerned about the economy than ever before, having Senators like Andy Kim and Cory Booker who can help quickly pass legislation like the Credit Card Competition Act will help address those anxieties by boosting small businesses and reducing costs for consumers.

The Credit Card Competition Act, or CCCA, will lower the out-of-control credit card swipe fees levied on small businesses by big banks and card companies. Here in New Jersey, small businesses paid over $3 billion in swipe fees in 2023 alone, with swipe fees across the United States more than tripling over the last decade. This unprecedented increase in fees is the direct result of Visa and Mastercard’s dominance of the payments industry. 

In the absence of serious competition, Visa and Mastercard have taken it upon themselves to raise swipe fees repeatedly. Meanwhile, merchants have been forced to pass on those higher fee payments to consumers in the form of increased costs. Unlike credit card executives, however, ordinary Americans aren’t made of money. New Jersey households already spend 32% more than the national average on everyday bills and costs, and an added burden from swipe fees only puts unnecessary strain on the state’s economy. American families are paying on average more than $1,100 a year in higher prices as a result of swipe fees. After four years of historic inflation, we simply can’t afford that.

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If Congress wants to reduce costs for businesses in the Garden State and nationwide, it should vote to pass the Credit Card Competition Act which has received overwhelming support from the public, a variety of merchant associations, and even the Teamsters and the SEIU, some of America’s largest unions.

This legislation will let merchants choose between a minimum of two different credit card networks when processing a payment, providing an avenue for more competition in the payments industry and giving Visa and Mastercard an incentive to lower their swipe fees in order to remain competitive. A drop in fees would result in significant savings, upward of $475 million for New Jersey businesses and consumers annually. Saving on swipe fees means more funds to improve wages, hire more staff, and lower prices on goods and services.  

It’s time to move past the campaign promises and finally tackle issues that are actively increasing costs. I hope Sen. Andy Kim and Sen. Cory Booker will support passage of the Credit Card Competition Act and exemplify the support this bill has already received. Swipe fees don’t discriminate by party, and lowering costs for Americans should be a top priority for every member of Congress.

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Joseph Allegre is owner of Supreme Team Barber Lounge in Hazlet.



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New Jersey

Heavy police presence prompts concern in South Jersey neighborhood

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Heavy police presence prompts concern in South Jersey neighborhood


MILLVILLE, N.J. (WPVI) — Residents in a Millville, New Jersey, neighborhood spent hours trying to understand what was happening after a New Jersey State Police helicopter circled overhead, and troopers eventually entered a home while searching for a suspect.

Video from a Ring camera shows state police and officers in tactical gear taking over the front porch of a home on the 100 block of Third Street.

Officers are heard speaking into a doorbell camera moments before entering the residence.

A woman who lives in the home and did not want to be identified said she was at work at the time of the incident, but her son was inside when police surrounded the house. She said her son later described the encounter to her.

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“My son was here, he was a little freaking out, they actually made him come out with his hands up and guns were drawn,” she said.

The woman said her son told her troopers explained they were pursuing someone on foot in the area.

“They just said they were on a foot pursuit and the guy was jumping the fences behind my house. A construction worker saw him go down my steps, but didn’t know where he went from there. That’s why they need to make sure everything is safe,” she said.

Nearby residents also noticed the heavy police activity.

Michele Brown of Bridgeton said she was walking her dogs when she saw officers in the area.

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“It was a lot I didn’t understand what was going on,” Brown said.

Brown said the scene was alarming for people nearby.

“Definitely startling cause you see all these cops with their guns out, and you’re just looking like, ‘Whoa’,” she said.

Action News reached out to New Jersey State Police for more information, but we did not receive a response.

In a statement, Millville police say the suspect was not apprehended after fleeing state police on foot.

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There is no suspected threat to the community, the department added.

Copyright © 2026 WPVI-TV. All Rights Reserved.



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Chemistry Class | DEVILS NOW | New Jersey Devils

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Chemistry Class | DEVILS NOW | New Jersey Devils


NewJerseyDevils.com is the official web site of the New Jersey Devils, a member team of the National Hockey League (“NHL”). NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. Copyright © 1999-2025 New Jersey Devils and the National Hockey League. All Rights Reserved.



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The first of Paramus’ three big mall makeovers is nearly complete

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The first of Paramus’ three big mall makeovers is nearly complete


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One of three massive redevelopment projects at Paramus’ biggest shopping malls will finish construction this summer. Another will have to wait until 2027.

The two projects will bring hundreds of apartments and thousands of feet of additional retail space to Bergen Town Center and Paramus Park Mall, two of Bergen County’s biggest retail destinations. Both projects are the work of Carlstadt-based Russo Development LLC, which is also building a new headquarters in the borough.

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The biggest mall redevelopment in town — a multiyear plan that could bring as many as 1,400 homes to Westfield Garden State Plaza — is also underway under the direction of a different developer. That project is expected to hold an official groundbreaking in the coming weeks.

The construction is “an opportunity for affordable housing to get built, which is certainly a big priority for almost every municipality in New Jersey right now,” Russo Development CEO Ed Russo said in a recent interview. He credited borough officials for making sure “there was additional investment and vibrance that was being added” to Paramus’ commercial center.

Paramus Park housing almost done

First in line for completion is Vermella Paramus, two mixed-use buildings with 360 one-, two- and three- bedroom apartments under construction next to the Paramus Park Mall, west of the Garden State Parkway.

The project will also have 8,000 square feet of onsite retail space. It will be built adjacent to the mall and the new Valley Hospital, according to a description on the company’s website.

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One of the buildings will be finished next month, while the second is scheduled to finish construction in June, Russo said last week.

Bergen Town Center project has new name, timeline

The developer, alongside KRE Group, also plans to build two five-story buildings with 426 units and 5,000 square feet of retail at Bergen Town Center, off of Route 4. The project will be called Bergen Chapters, Russo said.

The housing will include 147 one-bedroom apartments to be sold at market rate and another 12 reserved as affordable. The project will also have 1,572 parking spaces, including lots from other areas of the mall property and two parking garages.

A building on the east side of the Bergen Town Center property that currently contains a former Kirkland’s, Red Robin and Recreational Equipment Inc will be knocked down for the project. Recreational Equipment Inc. closed in late January, so the property has only become vacant in the last month, said Russo. He expects the work to finish in late 2027.

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Story continues after gallery.

Living at the mall

Paramus’ three big projects fueled speculation that other shopping centers in North Jersey would follow the example, as mall owners looked for ways to survive the rise of online retail.

But there hasn’t been a tremendous amount of mall redevelopment in New Jersey, Russo said.

Paramus’ situation is unique, he noted, with “three good size malls” all within the same town. Spurred in part by state affordable housing mandates, the borough council adopted zoning in 2016 that allowed for mixed-use development along its highway corridor. That was the impetus for the three mall makeovers, Russo said.

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Other factors also made the borough’s commercial corridor especially suited for this type of hybrid development, he added.

“Paramus has always been considered, for many decades, as a shopping mecca between the malls, Route 17, Route 4 and the proximity to New York City,” said Russo. “It’s really been a vibrant retail community for many years.”

In addition to fulfilling affordable housing obligations, the zoning helped the borough attract new investment around the malls, boosting their long-term success, he added.

“The retail market has been affected in a larger part of New Jersey over the last number of years,” said Russo. “I think Paramus was very forward-thinking in the zoning that they did years ago.”

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