How Wal-Mart Swiped JPMorgan in $16 Billion Debit-Card Lobbying Battle – Bloomberg

Retailers have long fumed about the cost of taking plastic. Unlike with checks, banks charge them fees, known as interchange, to process debit and credit card payments. Debit fees average 44 cents per transaction or about $16 billion a year. The amounts are set by Visa and MasterCard, which own the payment networks and pass the money to the banks.

via How Wal-Mart Swiped JPMorgan in $16 Billion Debit-Card Lobbying Battle – Bloomberg.

The PR Mastermind Who Coined the Term ‘Swipe Fees’ – Bank Think #SwipeFees

West is widely credited in retailer circles with having coined an alternative, “swipe fees.” It caught on, and eventually became a rallying cry for Senator Richard Durbin, the Illinois Democrat who successfully pushed for a cap on debit interchange rates in last year’s Dodd-Frank financial reform law. This afternoon, bankers will find out exactly how much they will be permitted to charge on debit transactions when the Federal Reserve Board issues a final rule implementing the Durbin amendment. (Credit card interchange was unaffected.)

via The PR Mastermind Who Coined the Term ‘Swipe Fees’ – Bank Think.

Fed Caps Debit Card Fees for Merchants – NYTimes.com #swipefees

The new fee schedule includes three parts: a maximum interchange fee of 21 cents; a 1 cent addition that is allowed if the bank issuing the debit card develops a fraud-prevention program; and a variable charge of 5 basis points, or five one-hundredths of a percentage point, of the value of the transaction to recover a portion of fraud losses

via Fed Caps Debit Card Fees for Merchants – NYTimes.com.

NACS Calls Fed’s Final Rule ‘An Irresponsible Abdication of Its Legal Duty’ | NACS Online > News & Media Center > News

The final rules issued today set a per-transaction debit swipe fee of 21 cents, which is significantly higher than the Federal Reserve’s originally proposed rate of 7 cents or the compromise rate of 12 cents. The rules also add 0.05 percent of the transaction amount for fraud prevention.

via NACS Calls Fed’s Final Rule ‘An Irresponsible Abdication of Its Legal Duty’ | NACS Online > News & Media Center > News.

Editorial | Debit card fee cuts | The Courier-Journal | courier-journal.com

Retailers bear the initial brunt, but the swipe fees are passed on to the consumer in the end. NPR reports that banks make about $16.9 billion a year from these fees. The 12-cent cap would decrease that amount by $12 billion.

via Editorial | Debit card fee cuts | The Courier-Journal | courier-journal.com.

Fed Sets Vote on Debit-Card Fee Curbs – WSJ.com

The Federal Reserve next week is scheduled to vote on its final plan to regulate debit-card processing fees, giving banks and credit unions their first look at new fee curbs set to take effect next month. The public meeting is slated for the afternoon of June 29, according to a meeting notice the Fed released Tuesday afternoon.

via Fed Sets Vote on Debit-Card Fee Curbs – WSJ.com.

Merchants Shred Costs of Payments by Plastic – SmartMoney.com #swipefees

As part of last year’s Dodd-Frank financial-overhaul law, debit-card fees will drop about 75% on July 21. The Federal Reserve, which is issuing the interchange-fee rules, has proposed capping fees at about 12 cents per transaction for large banks, down from the current average of 44 cents. The Fed hasn’t announced the final figure yet.

via Merchants Shred Costs of Payments by Plastic – SmartMoney.com.

Latest Anti-Durbin Argument is Desperate and Absurd – Bank Think

The latest attempt to resurrect the viability of the small issuer exemption should bring us back to the core reasons why the banks arguments are demonstrably false. As everyone in the industry knows, merchants are required to accept all debit cards, regardless of the issuer, under the “honor all cards” rules that are in place at all of the debit networks.

via Latest Anti-Durbin Argument is Desperate and Absurd – Bank Think.

Convenience Store News Mobile

Today, the U.S. Department of Justice Antitrust Division submitted a a final consent decree in its enforcement action against Visa and MasterCard to address some of the anti-competitive practices related to credit cards, according to a release from the Food Marketing Institute (FMI).

via Convenience Store News Mobile.

Banking Industry Girds for Debit-Card War in Court – WSJ.com

TCF Financial Corp., a Minnesota bank and one of the largest debit-card issuers, sued the Fed last October, saying that large financial institutions are unfairly targeted. A hearing Thursday in a federal appeals court will give TCF a second chance at an injunction to stop the rule.

via Banking Industry Girds for Debit-Card War in Court – WSJ.com.

Retailers React to Swipe-Fee Victory | CSP Daily News – CSP Information Group, Inc.

“For millions of small-business owners across America, swipe fees are the difference between breaking even or going bust. It can mean hiring a new worker–or having to let an old one go. It can mean passing along savings to customers–or losing the sale. For years, unfair and excessive swipe fees have held Main Street back. But not anymore,” said Dennis Lane, -Eleven franchisee and national spokesperson for Reform Swipe Fees NOW!.

via Retailers React to Swipe-Fee Victory | CSP Daily News / Magazine | Services – CSP Information Group, Inc. – news for convenience & petroleum retailing..

Visa, MasterCard Still Strong as Congress Attacks Bank Fees | InvestorPlace

Furthermore, it remains to be seen to what extent to banks will scale back their issuance of debit cards. The long-term, secular trend is toward electronic payments, and it is hard to imagine Americans abandoning their cards and returning to paper checks or cash any time soon. While the rate of growth might slow, in the end most Americans would acquiesce to paying a nominal fee before they abandoned their cards.

via Visa, MasterCard Still Strong as Congress Attacks Bank Fees | InvestorPlace.

National Retail Federation Calls Swipe Fee Vote Victory For American Consumers

Washington, June 8, 2011 — Matthew Shay, President and CEO of the National Retail Federation, today issued the following statement upon Senate rejection of the Tester-Corker amendment to delay swipe fee reform:

“This is a landmark victory for American consumers that will give them the break from skyrocketing swipe fees that they have been seeking for years.

“With the economy still trying to gain momentum and consumers facing skyrocketing costs for necessities like food and fuel, this badly needed reform will help ensure our nation’s economic recovery.  It will prevent more than a billion dollars a month from being pocketed by big banks and, in turn, allow retailers to hold down prices for consumers.

“Congress came to the right conclusion last year – hidden swipe fees charged by big banks have driven up prices far too much for far too long.  The National Retail Federation and America’s retail merchants commend the Senate for standing by last year’s vote and for voting on the side of American consumers.”

As the world’s largest retail trade association and the voice of retail worldwide, the National Retail Federation’s global membership includes retailers of all sizes, formats and channels of distribution as well as chain restaurants and industry partners from the U.S. and more than 45 countries abroad. In the U.S., NRF represents the breadth and diversity of an industry with more than 1.6 million American companies that employ nearly 25 million workers and generated 2010 sales of $2.4 trillion. http://www.nrf.com

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Senate swipes banks’ hopes – Scott Wong – POLITICO.com

The banking industry’s multimillion-dollar PR blitz and lobbying campaign to block caps on debit card swipe fees ended Wednesday when the Senate allowed a key piece of the Wall Street reform law passed last year to move ahead.

via Senate swipes banks’ hopes – Scott Wong – POLITICO.com.

Senate Votes Against Delay of Debit Card Fee Limits – NYTimes.com

The Wednesday vote, which followed a vigorous floor debate, was a victory for retailers, who have complained that banks and the companies that control the largest debit card networks, Visa and MasterCard, have consistently raised the fees on debit card transactions even as the market has grown rapidly and technology costs have declined.

via Senate Votes Against Delay of Debit Card Fee Limits – NYTimes.com.

Senate Fails to Delay New Debit-Card Rules – WSJ.com

Mr. Durbin called the Tester proposal to delay the fee limits “a big-bank windfall” during a floor speech before the vote. “It would give them a free pass to continue their anticompetitive practices for at least another year.”

via Senate Fails to Delay New Debit-Card Rules – WSJ.com.

Senate Rejects Delay of Debit Swipe-Fee Rule – Bloomberg

These bipartisan reforms will bring meaningful relief to millions of merchants and consumers,” Sandy Kennedy, president of the Retail Industry Leaders Association, said in a statement after the vote. “With this distraction now behind us, retailers await the Federal Reserve’s final rules so they can begin implementing these reforms and saving consumers money.”

via Senate Rejects Delay of Debit Swipe-Fee Rule – Bloomberg.

Senate Votes Against Delay of Debit Card Fee Limits – NYTimes.com

Mr. Durbin said that a delay of the debit rules would have kept fees at current levels and given banks “a windfall of profit that they do not deserve.”

via Senate Votes Against Delay of Debit Card Fee Limits – NYTimes.com.

Senate Votes To Continue With Debit Card Swipe Fee Slash – The Consumerist

Starting next month, the largest banks will only be allowed to charge retailers $.12 per transaction on debit card purchases. The current swipe fee averages $.44 per transaction.

via Senate Votes To Continue With Debit Card Swipe Fee Slash – The Consumerist.

Visa, MasterCard Drop as Attempt to Delay New Regulations Fails – Stocks To Watch Today – Barrons.com

The failure to delay the rules would initially hit credit card issuers, including big banks like JPMorgan Chase (JPM), but the pain will invariably trickle down to processors like Visa and Mastercard.

via Visa, MasterCard Drop as Attempt to Delay New Regulations Fails – Stocks To Watch Today – Barrons.com.

Visa, Mastercard Sideswiped by Senate – MarketBeat – WSJ

The fee cut could cost the card industry and banks billions of dollars, but nobody in the retail business is shedding any tears — it will save them money.

via Visa, Mastercard Sideswiped by Senate – MarketBeat – WSJ.

The Merchants Payments Coalition issued the following statement in response to today’s successful vote against Sen. Jon Tester’s (D-MT) amendment

“Merchants and consumers across the country owe a huge thank you to all of the Senators who reaffirmed the swipe fee reform law in the face of unprecedented pressure from Wall Street banks. For nearly a decade, the country’s biggest banks and credit card companies have worked tirelessly against these long-awaited reforms, and Main Street has finally prevailed. Today’s vote sent a message to the big banks and their allies that the Senate is prepared to support Main Street by protecting these critical reforms.
“The Federal Reserve can now proceed with its rulemaking to curb swipe fee abuse, and we look forward to seeing the final rule so that Main Street retailers and consumers can start seeing some relief from out-of-control debit fees on July 21.” 
 
###
 
The Merchants Payments Coalition is a group of convenience stores, retailers, and small business owners whose membership associations represent approximately 2.7 million stores and 50 million employees. For more information, go to http://www.unfaircreditcardfees.com or visit us on Twitter. 
 

Tester Amendment fails with 54 ayes to 45 nays.

Senate lets the Fed slash debit card fees paid to banks

http://www.usatoday.com/money/perfi/credit/2011-06-08-debit-card-swipe-fees_n.htm.

Senate votes to let Fed trim debit card #swipefees

The Senate voted to let the Federal Reserve trim the fees that stores must pay banks each time a customer swipes a debit card, handing merchants a victory over banks in a lobbying battle over billions in revenue.

Durbin Delay Looks Dead – TheStreet

Durbin spokesman Max Gleischman told TheStreet the Tester-Corker measure lacks the 60 votes it needs, though he would not comment on how many votes he believes Tester has. A Tester spokeswoman did not respond to a request for comment.

via Durbin Delay Looks Dead – TheStreet.

Wednesday: Senate preps for debit card fee vote – The Hill’s Floor Action

Sen. Dick Durbin (D-Ill.) has urged his colleagues this week to reject the Tester amendment and allow the rule to come into effect in July. During floor debate, he argued that banks collect $1.3 billion each month in debit card fees, which are so high now that merchants often lose money when customers make small purchases using their debit card.

via Wednesday: Senate preps for debit card fee vote – The Hill’s Floor Action.

Senate showdown over limiting debit card fees – Yahoo! News

The vote, scheduled for Wednesday, is the climax of a long, expensive lobbying battle between two industries that lawmakers hate to cross because of their influence back home and their campaign contributions.

via Senate showdown over limiting debit card fees – Yahoo! News.

Congress Debates Swipe Fees for Debit, Credit Cards | Moneyland | TIME.com

“This for years has essentially been a secret source of funds,” says Mallory Duncan, the group’s senior vice president and general counsel, who claims big financial institutions operate in lockstep and prevent negotiation. “It’s operating essentially like a cartel,” she says. The NRF says the combination of credit and debit swipe fees costs each U.S. household $427 annually.

via Congress Debates Swipe Fees for Debit, Credit Cards | Moneyland | TIME.com.

FT.com / US / Politics & Foreign policy – Senate support for debit card fee delay builds

Bank lobbyists have made interchange fees their number one target for repeal from the package of Dodd-Frank financial reforms passed by Congress almost a year ago.

via FT.com / US / Politics & Foreign policy – Senate support for debit card fee delay builds.

Showdown on ‘Swipe Fees’ Likely Soon – NYTimes.com

The battle on Capitol Hill over capping “swipe fees,” the charges that banks collect from retailers when a customer makes a purchase with a debit card, could be approaching a final showdown.

via Showdown on ‘Swipe Fees’ Likely Soon – NYTimes.com.

Divided Democrats struggle over swipe fees – Scott Wong and Meredith Shiner – POLITICO.com

The Senate could vote as early as Wednesday on a bill that would delay new rules passed last year that cap swipe fees banks can charge merchants.

via Divided Democrats struggle over swipe fees – Scott Wong and Meredith Shiner – POLITICO.com.

Swipe Fee Vote Wednesday: Senate Tests Limits Of Wall Street Power

The debit card battle that has engulfed lobbyists and lawmakers in the nation’s capital all year will come to a head on Wednesday, with a vote set for 2 p.m.

via Swipe Fee Vote Wednesday: Senate Tests Limits Of Wall Street Power.

Debate Begins on Debit Reform “Kill” Bill

If you haven’t already done so, today is the day to make your voice heard — call your senators and urge them to vote “No” on Tester’s amendment. Also, go to swipefeesletter.com and tell your senators to vote “No” on the Tester amendment that seeks to kill debit card swipe fee relief.

via Debate Begins on Debit Reform “Kill” Bill.

Senators Said to Weigh 6-Month Delay of Debit ‘Swipe’ Fee Rules – Bloomberg

Visa Inc. (V) and MasterCard Inc. (MA), the world’s biggest payment networks, set interchange fees and pass the money to card- issuing banks. The caps would trim revenue by about $12 billion a year at the biggest U.S. debit-card issuers, including Bank of America Corp. (BAC), Wells Fargo & Co. (WFC) and JPMorgan Chase & Co. (JPM)

via Senators Said to Weigh 6-Month Delay of Debit ‘Swipe’ Fee Rules – Bloomberg.

The debit swipe-fee market is broken – The Hill’s Congress Blog

Having now determined that the market is broken and needs to be fixed, the only relevant becomes whether government is up to the task of implementing the reforms in such a way that corrects the market without causing dysfunction elsewhere. Evidence suggests that it is.

via The debit swipe-fee market is broken – The Hill’s Congress Blog.

Derailing debit card reform bad for consumers, economy | The Salt Lake Tribune

In a year when millions of Americans are out of work and businesses everywhere struggle to remain viable, it is simply counterintuitive for Congress to pave the way for higher costs to consumers and retailers. But that is precisely what’s in store if lawmakers back away from their promise to restore fairness to the “swipe fees” charged when customers use their debit cards to purchase items large and small.

via Derailing debit card reform bad for consumers, economy | The Salt Lake Tribune.

Washington Report: You Asked for It, Now Fight for It

A decade ago NACS asked you to tell us your biggest cost-related concern. It wasn’t government regulations. It wasn’t insurance. Nor was it wasn’t the cost of technology. Overwhelmingly, you told us that debit and credit card fees were your biggest concern — in 2001!

At that time nearly half (42 percent) of retailers cited debit and credit card fees as their top concern during an interactive general session on motor fuels at the 2001 NACS Show.

via Washington Report: You Asked for It, Now Fight for It.

Ads urge changes in debit-card fees | The Herald – Rock Hill, SC

“Two out of every $100 we spend in stores or online go to the credit-card industry,” an announcer says in the new radio ads. “America needs swipe-fee reform now, not later. Call Senators Graham and DeMint today. Tell them to stop the big-bank credit-card industry from swiping our money.”

via York County, SC | Ads urge changes in debit-card fees | The Herald – Rock Hill, SC.

The debit swipe-fee market is broken – The Hill’s Congress Blog

Having now determined that the market is broken and needs to be fixed, the only relevant becomes whether government is up to the task of implementing the reforms in such a way that corrects the market without causing dysfunction elsewhere. Evidence suggests that it is.

via The debit swipe-fee market is broken – The Hill’s Congress Blog.

Imminent Vote on Swipe Fee Delay Requires Retailer Action

Senate Majority Leader Harry Reid (D-NV) recently announced that he will seek to schedule a vote on an amendment by Senators Jon Tester (D-MT) and Bob Corker (R-TN) to delay implementation of rules that limit the swipe fees the banks extract from merchants for debit card purchases.

via Imminent Vote on Swipe Fee Delay Requires Retailer Action.

Facts: Debit Card #SwipeFees

Banks falsely claim interchange swipe fee reforms will only lead to increasing costs for consumers. If these claims held any validity, then when interchange fees tripled over the past decade, bank fees would have fallen by a corresponding amount. Instead, bank fees, too, have exploded during the same time period. Banks have cried wolf on the death of free checking many times before, but the announcements by TCF Financial Corporation (Wayzata, MN) and PNC Financial Services Group Inc. (Pittsburgh, PA) that they are reinstating or continuing free checking indicate that transparency and price competition will drive bank fees, not a loss of debit card swipe fee revenue.

The financial industry claims that there were no Congressional hearings or informed consideration of interchange reform. To the contrary, there have been eight hearings over the past five years and three separate GAO reports conducted on credit and debit card interchange fees.

Senator Tester Bill to Delay #SwipeFees Reform Will Destroy Job Creation, Banks Will Profit

Tester’s bill to delay swipe fee reforms is a huge hit to small business job creation at a time we can least afford it. Retail lost 8,500 jobs in May alone, and this bill will only make it worse. Every additional dollar swiped from Main Street is a dollar that can’t be spent to create jobs.

Senator Tester’s bill to delay swipe fee reforms is a huge hit to small business job creation at a time we can least afford it. Retail lost 8,500 jobs in May alone, and this bill will only make it worse. Every additional dollar swiped fromMain Streetis a dollar that can’t be spent to create jobs.

Senator Tester’s 15 month delay proposal would kill more than 100,000 jobs that would otherwise be created under the Federal Reserve’s new swipe fee rules. Whereas swipe fee reform will create thousands of jobs, delaying and derailing the final rule will costMain Street$1 billion per month and thousands of much-needed small business jobs.  Since 2008, 1 million small businesses have failed costing 3,600,000 jobs. Supporting a bill that increases this number is counterintuitive and bad public policy.  Please urge your Senator to support American small businesses, consumers and end these antiquated credit card interchange fees that enrich the banks with $64 billion in unjustified fees EVERY YEAR

URGENT MESSAGE: Urge these groups to support credit card reform

Millions of retailers, ecommerce business and consumers are fed up with soaring credit card merchant interchange fees – $64 billion dollar annually, but there is something we can all do right now. Fight back against MasterCard, Visa and its thousands of member banks.

Support credit card reform and please contact the below organizations today.

Tell Congress to Stop Unfair Debit Card Fees Tell Your Elected Officials that Delaying Swipe Fee Reform is Unacceptable

Credit card fees known as swipe fees are hidden in the cost of nearly everything consumers buy. In 2008 alone, American merchants and consumers paid over $48 billion in swipe fees. Even consumers who don’t use plastic pay more through higher prices. Visa issuers collectively set credit card interchange fees in secret and MasterCard issuers separately do the same. The fees can’t be negotiated and are not adequately disclosed to merchants or consumers.

Tell your Members of Congress to stop the price-fixing by the credit card industry and provide an open and transparent process to negotiate swipe fees by supporting swipe fee reforms in their current form. Delay is not an option.

DRAFT MESSAGE:

I am writing to you today to urge you to vote NO on any type of delay of the debit card swipe fee reform. 

Congress should make it easier, not harder, to offer consumer discounts; delaying swipe fee reform will make discounting nearly impossible.   And discounting is all the more important as gasoline tops $4 a gallon.  

The same big banks that were bailed out a few years back are asking Congress to turn its back on American business owners and consumers, so that the credit card companies and their banking allies can keep on gouging Main Street Americans with their price-fixing swipe fee scheme.

Swipe fee reform was designed to bring fairness and transparency to the shrouded swipe fee payments system. The law says that the big banks have a choice: they can open the fees to competition and charge whatever price the market permits or they can continue to fix their fees, but those price-fixed fees must be “reasonable and proportional” to their costs.

Congress has held 9 hearings and 1 markup on swipe fees and the GAO has issued 3 reports. I can read the writing between the lines. I know that S. 575 and H.R. 1081 were not written to study the swipe fees that are crippling my business and every consumer in your district; they were written using the big banks’ scare tactics in order to completely derail these reforms.  These aren’t “study” bills…they are “kill” bills.

Americans pay the highest swipe fees in the world.  Merchants and consumers have been waiting for years to see these reforms realized, and every month of delay means another $1 billion that we have to hand over to the big banks and credit card companies.

I can’t tell you strongly enough how important this is to businesses in your district like mine.  Please stand with your constituents, including business owners and consumer, and make sure that swipe fee reforms are allowed to take effect this summer.

LOCAL CHAMBERS
Hispanic Chamber of Commerce of Northern Illinois (IL)

Latin Business Association (Los Angeles, CA)

Napa County Hispanic Chamber of Commerce (CA)

Latin American & Caribbean Business Chamber of Commerce (CA)
Nicaraguan American Chamber of Commerce Northern California (CA)
Hispanic Chamber of Commerce of Silicon Valley (CA)

Hispanic Chamber of Commerce, Alameda County (CA)

Camara de Comercio Agrupacion de Comerciantes de San Jose (CA)

San Diego County Hispanic Chamber of Commerce (CA)

Solano Hispanic Chamber of Commerce (CA)

Hispano Chamber of Commerce de Las Cruces (NM)
Brooklyn (Kings County) Hispanic Chamber of Commerce (NY)
Westchester Hispanic Chamber of Commerce (NY)
STATE CHAMBERS
Latin Chamber of Commerce of Nevada

Illinois Hispanic Chamber of Commerce
Florida State Hispanic Chamber of Commerce
New York State Coalition of Hispanic Chambers of Commerce

                        Bodega Association of the USA 
                        Bronx Hispanic Chamber of Commerce           
                        Buffalo Hispanic Chamber of Commerce
                        Cosmetology & Beauty Chamber of Commerce                 
                        Dominican Chamber of Commerce 
                        Hunts Point Chamber of Commerce
                        Jewish & Latino Chamber of Commerce 
                        New York State Hispanic & Minority Daycare Chamber of Commerce 
                        New York State Hispanic Junior Chamber of Commerce 
                        New York Statewide Hispanic & Minority Veterans Chamber of Commerce
                        Rochester Hispanic Chamber of Commerce 
                        State of Albany Region Hispanic & Minority Chamber of Commerce
                        Syracuse Hispanic Chamber of Commerce 
                        Queens Hispanic Chamber of Commerce 
                        Westchester Hispanic Professional Association 
                        Yonkers Mexican Chamber of Commerce
                        New York State Women’s Hispanic Chamber of Commerce
                        New York State Hispanics in Real Estate and Construction
                        New York Greater Mexican Chamber of Commerce
                        New York City LGBT Chamber of Commerce
                        New American Chamber of Commerce
                        Latino Bar Association of Queens
                        Latino Association of Tax Preparers, Inc (LATAX)

REGIONAL BUSINESS ORGANIZATIONS
Northern California Independent Booksellers Association
Small Business California

NATIONAL BUSINESS ORGANIZATIONS
Main Street Alliance
Small Business Majority
American Booksellers Association

National Supermarket Association

Salvadoran American Chamber of Commerce

 

NATIONAL HISPANIC ORGANIZATIONS

Aspira Association, Inc.

Cuban American National Council (CNC)

Hispanic Association of Colleges & Universities (HACU)

Hispanic Federation

Labor Council for Latin American Advancement, AFL-CIO (LCLAA)

League of United Latin American Citizens (LULAC)

Mana, A National Latina Organization

Mexican American Legal Defense & Education Fund (MALDEF)

National Association of Hispanic Federal Executives (NAHFE)

National Association of Hispanic Publications (NAHP)

National Conference of Puerto Rican Women

National Hispana Leadership Institute

National Hispanic Caucus of State Legislators (NHCSL)

National Hispanic Council on Aging (NHCOA)

National Hispanic Environmental Council (NHEC)

National Hispanic Foundation for the Arts (NHFA)

National Hispanic Media Coalition (NHMC)

National Hispanic Medical Association (NHMA)

National Institute for Latino Policy (NILP)

National Puerto Rican Coalition, Inc. (NPRC)

Self Reliance Foundation

SER – Jobs for Progress National, Inc.

Southwest Voter Registration Education Project (SVREP)

U.S. Hispanic Leadership Institute (USHLI)

United States-Mexico Chamber of Commerce

 

Native American Tribes

The Saginaw Chippewa Indian Tribe of Michigan

Mashantucket Pequot Tribal Nation

Pokagon Band of Potawatomi Indians

Pechanga Band of Luiseno Mission Indians

Pueblo of Laguna

Showdown on ‘Swipe Fees’ Likely Soon – NYTimes.com

Retailers, who say the fees cut their profits, oppose the delay, as does Senator Dick Durbin, the No. 2 Democrat in the Senate who pushed for the fee cut last year and has continued to champion it. Banks and their allies have fought an uphill battle even to get a vote to delay the proposed rules.

via Showdown on ‘Swipe Fees’ Likely Soon – NYTimes.com.

Radio Spot Supporting Credit Card Reform

 

http://swipefees.nrf.com/sites/default/files/NRF-SWIPE-FEE-MAINE.mp3