Committee Moves Card-Fee Bill

The House Judiciary Committee last week 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

WASHINGTON — The House Judiciary Committee last week 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,” Tim Hammonds, president and chief executive officer, Food Mar

Register to view the full article