This Week's US House Committee Hearing on US Interchange Fees
The US House Judiciary Committee is holding a hearing this Thursday, May 15th, on H.R. 5546, the “Credit Card Fair Fee Act of 2008”. That bill was introduced by committee chairman Rep. John Conyers, Jr. In an article titled "Old foes unite to keep charging credit card fees to merchants", The Hill reports that the "heated battle over the credit card fees charged to merchants has united two eternal foes" - namely, banks and credit unions. As of tonight, the witness list for Thursday's hearing hasn't been announced.
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