Interchange Fee Legislation – Who Will Pay the Price?
This spring, U.S. Representatives Peter Welch (D-VT) and Bill Shuster (R-PA), introduced HR 2382, the Credit Card Interchange Fees Act of 2009. Welch, the bill’s author, states that “credit card fees are killing small businesses.” The act, targeted to help small retailers, would limit the fees charged to merchants. It would also prohibit charging higher […]