More Legislative Backlash Over Interchange Fees
In an article titled 'Welch pushes bill to trim back credit card fees on businesses' in the Barre-Montpelier Times Argus, Peter Hirschfeld reports from Vermont about Rep. Peter Welch's news conference yesterday where he attacked 'rising credit card fees' and announced plans to introduce new legislation concerning them later this week. "It's a near monopoly they have," Welch said of VISA and MasterCard. "And, as is often the case with monopoly power, it's abused." More information is available on Welch's web site.
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