Merchants Launch Campaign V. Interchange Fees

Law360, New York (March 30, 2009, 12:00 AM EDT) -- A coalition of U.S. retailers has launched an aggressive grassroots campaign to persuade lawmakers to limit what the group claims are anti-competitive fees fixed by credit card companies that could force thousands of merchants out of business.

In a conference call held Monday, the Merchants Payments Coalition discussed its campaign to pressure at least seven junior members of the House Financial Services Committee to support legislation that limits or eliminates interchange fees, which retailers argue are unfair, crush profit margins and act as a hidden tax...
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