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Retailers’ campaign targets swipe fees

Retailers’ campaign targets swipe fees

WASHINGTON — The National Retail Federation today announced the launch of an advocacy campaign urging Congress to support the Credit Card Competition Act. The campaign begins today and runs through Friday on social media, ConnectedTV, and digital platforms. NRF cited new consumer data suggesting that just 21% of survey respondents think credit card companies are

Retailers sue Fed over debit card swipe fees

Retailers sue Fed over debit card swipe fees

WASHINGTON — Retailers filed a lawsuit on Thursday seeking to compel the Federal Reserve to lower its 10-year-old cap on the “swipe” fees banks charge to process debit card transactions. The suit, filed by the North Dakota Retail Association and the North Dakota Petroleum Marketers Association in U.S. District Court in Bismarck, N.D., charges that