Georgia Committee Hears Interchange Bill

ATLANTA — The Georgia House Banks and Banking Committee heard testimony last week on HB 1456, which deals with unfair practices of credit card companies regarding interchange. The hearing before the full committee was significant in that usually such late session bills are “buried” in subcommittee, which was exactly what credit card companies want to happen.

Instead Committee Chairman James Mills, who co-sponsored the bill, decided to let the full committee hear testimony on the interchange issue. The result was a very positive hearing for retailers.

via Georgia Committee Hears Interchange Bill.


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