Merchants cheering prospect of lower swipe fees. Merchants ranging from small mom and pop stores to corporate juggernauts such as Walmart and Target, according to Bloomberg, lobbied members of Congress to vote in favor of the interchange fee cap. Financial industry titans such as Bank of America and JPMorgan Chase, along with small credit unions and community banks, lobbied members of Congress to do the opposite and delay any “swipe fee” cap, if not vote to get rid of the legislation outright.
Last login: Friday, July 1, 2011
Copyright © 2014, CMNI.
All rights reserved.
This document may not be reprinted without the express written permission of Central Missouri Newspapers Inc.
Material from the Associated Press is Copyright © 2010, Associated
Press and may not be published, broadcast, rewritten, or redistributed.
Associated Press text, photo, graphic, audio and/or video material shall
not be published, broadcast, rewritten for broadcast or publication or
redistributed directly or indirectly in any medium. Neither these AP
materials nor any portion thereof may be stored in a computer except for
personal and noncommercial use. The AP will not be held liable for any
delays, inaccuracies, errors or omissions therefrom or in the
transmission or delivery of all or any part thereof or for any damages
arising from any of the foregoing. All rights reserved.
© 2015 News Tribune Publishing.