House Committee Passes Interchange-Fee Bill

The House Judiciary Committee yesterday approved the Credit Card Fair Fee Act of 2008, a bill that would require merchants and credit card companies to negotiate transaction fees.

WASHINGTON — The House Judiciary Committee yesterday approved the Credit Card Fair Fee Act of 2008, a bill that would require merchants and credit card companies to negotiate transaction fees. The move sets the stage for a potential vote by the full House of Representatives. “This has been the No. 1 legislative priority for our board of directors for more than two years now, so we are quite pleased with the results today,” Tim Hammonds, president and chief executive officer, Food Marketing In

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