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.

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