The U.S. Supreme Court said Oct. 16 that it will hear an antitrust case examining American Express鈥檚 rules that bar merchants from encouraging customers to use one credit card over another, a practice known as “steering.” The decision offers new hope to retailers who for years have argued that American Express鈥檚 merchant agreements violate antitrust laws and result in higher costs for consumers.
10-16-2017 Marking a major victory for retailers, Politico late yesterday announced that House Republicans plan to drop language from the Financial Choice Act that would have repealed the debit swipe fee reforms which have saved businesses and consumers billions since being implemented under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
05-25-2017 The House Financial Services Committee on May 4 favorably reported the CHOICE Act, legislation that would roll back a number of the reforms in the Dodd Frank financial reform legislation, including debit reforms known as the Durbin Amendment that have been critical for retailers.
05-05-2017 黑料社区joined more than 160 national and state trade associations representing retailers and employers, in voicing strong opposition to H.R. 5465 and language in the CHOICE ACT that would repeal the debit reforms in the 2010 financial services reform legislation known as the Durbin Amendment.
07-06-2016