U.S. Sen. Dodd Pushes for Interchange Fee Reform
Connecticut senator says he will propose legislation to “substantially modify” the credit card interchange fees that retailers pay.
HARTFORD, Conn. –September 25th - NACS Online:
The National Association of Convenience Stores is reporting that U.S. Senate Banking Committee Chairman Chris Dodd (D-CT) is working on legislation to “protect Americans from excessive checking account overdraft fees,” and the senator told the Hartford Courant that the bill would also “substantially modify" the interchange fees that merchants pay. "Every state you go to, you hear it from retailers," Dodd told the newspaper. "The fees are excessive." Dodd told the paper as the Connecticut Senator put his hat into the ring.
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Connecticut senator says he will propose legislation to “substantially modify” the credit card interchange fees that retailers pay.
HARTFORD, Conn. –September 25th - NACS Online:
The National Association of Convenience Stores is reporting that U.S. Senate Banking Committee Chairman Chris Dodd (D-CT) is working on legislation to “protect Americans from excessive checking account overdraft fees,” and the senator told the Hartford Courant that the bill would also “substantially modify" the interchange fees that merchants pay. "Every state you go to, you hear it from retailers," Dodd told the newspaper. "The fees are excessive." Dodd told the paper as the Connecticut Senator put his hat into the ring.
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