Thursday, June 9, 2011

Credit cards fees to merchants

Today's financial top story was about the merchants' victory over the credit card companies in setting limits on the fees that they could charge to merchants.

And I quote from a press release:

Following yesterday's vote to shutdown attempts to delay swipe fee reform, small business owners from across the country gather for press conference in front of U.S. Capitol

WASHINGTON, June 9, 2011 /PRNewswire-USNewswire/ -- More than 50 small business owners from across the country with Reform Swipe Fees NOW! rallied on Capitol Hill today to thank Congress for supporting Main Street and opposing the Tester-Corker Amendment that, if passed, would have undone critical swipe fee reforms that were part of last year's Dodd-Frank financial reform package.

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