Interchange swipe fee reform is a critical issue to the grocery retail industry and one that the Food Marketing Institute has championed for over a decade. Because of its importance, we are urging that Congress pass the Dodd-Frank Wall Street Reform and Consumer Protection Act containing significant swipe fee reforms. It is the right thing to do. It will help keep businesses — both large and small — in business and helps all consumers.
The interchange reforms are a strong step toward transparency and competition and our industry is confident that the families in the communities we serve have much to gain in the way of discounts and better benefits when shopping in our stores with these reforms in place.
Financial reform a must-pass bill for retailers and consumers – The Hill’s Congress Blog