✉news BusinessRetail first seen 10 h ago, last 7 h ago, peak #24
Credit card fee legislation seen as unlikely to cut retail prices much
Original: Legislation targeting credit card swipe fees could lower retail prices only a little, experts say
Proposed legislation targeting credit card interchange fees, which merchants pay on every transaction, is being debated in Washington. Experts caution that even if the swipe fees charged by card networks and banks are reduced, retailers would likely pass on only a small share of the savings to shoppers through lower prices. Supporters argue the bill would still curb the dominance of Visa and Mastercard, while critics warn benefits to consumers may be minimal.
Why now: Lawmakers and industry groups are actively fighting over legislation that would cap the fees merchants pay on credit card transactions.
Rank over time, top of the chart is #1. 3 snapshots from 10 h ago to 7 h ago.
Evidence
- Legislation targeting credit card swipe fees could lower retail prices only a little, experts say · Washington Times
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