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Merchants, Credit Card Companies Face Off on Capitol Hill Over Interchange Fees

by Peter Andrew

Merchants,

Credit Card Companies Face Off on Capitol Hill Over Interchange

Fees

Retailers who claim that the large credit card payment networks

are fixing high interchange fees made their case to the House

Energy and Commerce Committee?s consumer-protection panel yesterday,

while lobbyists representing banking interests continued to

maintain that retailers want credit card services without having

to pay for them.

The

Hill has a good roundup of what was said and whether it

may actually spur any action.

Published 02/17/06 (Modified 05/07/12)


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