Retailers Push Congress to Pass Swipe Fee Reform | CSP Daily News / Magazine | CSP Information Group, Inc.


WASHINGTON — Yesterday, 215 state and national retail organizations joined together in urging Congress to pass swipe fee reform in a letter to members of the House of Representatives. The bipartisan Durbin Amendment (HR 3989) would provide relief to small businesses, retailers, restaurants, grocery stores, convenience stores and also their customers from these excessive fees, which cost $48 billion a year. The measure passed the U.S. Senate last month, and the national and state organizations are pushing for members of Congress to support the amendment without change as financial reform legislation moves through conference.

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