House Task Force to Hold Hearing This Week on Interchange Fees

The House Judiciary Committee’s Antitrust Task Force plans to hold a hearing on Thursday dealing the business practices of Visa and MasterCard, including their methods for setting the interchange rates that retailers pay on each credit and debit transaction.

WASHINGTON — The House Judiciary Committee’s Antitrust Task Force plans to hold a hearing on Thursday dealing the business practices of Visa and MasterCard, including their methods for setting the interchange rates that retailers pay on each credit and debit transaction. The Food Marketing Institute, Arlington, Va., expects additional hearings on interchange rates this year in the Senate Banking Committee and a hearing and possibly legislation in the House Financial Services Committee. “We’re

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