Retailers Support New Card-Fee Legislation

The House Judiciary Committee has introduced legislation that calls for merchants, credit card companies and banks to negotiate interchange fees that would be set for three years at a time. The fees, which are charged as a percentage of each transaction by the banks that issue the cards and then passed on to retailers, have been increasing rapidly in recent years, retailers said. Getting

WASHINGTON — The House Judiciary Committee has introduced legislation that calls for merchants, credit card companies and banks to negotiate interchange fees that would be set for three years at a time.

The fees, which are charged as a percentage of each transaction by the banks that issue the cards and then passed on to retailers, have been increasing rapidly in recent years, retailers said. Getting Congress to take action has been a top priority for the food retailing industr

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