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Credit Card Fair Fee Act would regulate fees

Posted on April 1, 2008 08:34 by Admin
Credit-Card Wars The Wall Street Journal: At the behest of a coalition of U.S. retailers, House Democrat John Conyers of Michigan and Republican Chris Cannon of Utah have introduced the Credit Card Fair Fee Act that would regulate fees that the credit-card industry charges to retail stores.

As more consumers choose payment cards for purchases, retailers push for government regulation.   Is this a good thing?

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