In 2008 alone, American consumers paid over $48 billion in credit card interchange fees. Even consumers who don't use plastic pay more through higher prices.
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Talking Points:Download the Interchange Fees Talking points PDFPress Releases:♦NRF Welcomes Bipartisan Support of Legislation RequiringVisa and MasterCard to Negotiate Over Hidden Interchange Fee ♦NRF Says Hidden Credit Card Fee to Cost Families Over $400, Urges Passage of Bill Requiring Visa/MasterCard to Negotiate ♦NRF Urges Passage of Antitrust Legislation Addressing $48 Billion in Hidden Credit Card Fees ♦NRF Welcomes Antitrust Legislation Addressing $40 Billion in Hidden Credit Card FeesNRF Says U.S. Should Follow European Ruling Ordering MasterCard to Withdraw Hidden Credit Card Fee ♦NRF Says Credit Card Practice Violates Federal Antitrust Law News Coverage:♦Hidden credit card fees are costing you The Merchants Payments Coalition (MPC) www.UnfairCreditCardFees.com is a group of retailers, supermarkets, drug stores, convenience stores, fuel stations, on-line merchants and other businesses who are fighting against unfair credit card fees and fighting for a more competitive and transparent card system that works better for consumers and merchants alike. The coalitions member associations collectively represent about 2.7 million stores with approximately 50 million employees. House and Senate Legislation:H.R. 5546, Credit Card Fair Fee Act of 2008 (Introduced in the House) S. 3086 Credit Card Fair Fee Act of 2008 (Introduced in the Senate) | ||