Retailers Oppose Delay in Debit-Fee Reform

WASHINGTON — Retail groups on Tuesday said they were opposed to a proposal to delay the debit-card fee legislation that is supposed to go into effect this year.

WASHINGTON — Retail groups on Tuesday said they were opposed to a proposal to delay the debit-card fee legislation that is supposed to go into effect this year.

Sen. Jon Tester, D-Mont., along with other senators from both parties, introduced a bill that would delay implementation of the debit-fee reforms for two years. The Federal Reserve is expected to finalize its proposed rules for implementing the provision in April, but banks have mounted strong opposition to the Fed's pr

Register to view the full article

TAGS: News