NACDS applauds legislation on credit card fees

May 19, 2008

NACDS applauded action by the House Judiciary Committee to address excessive fees imposed by credit card companies for retail transactions.

The National Association of Chain Drug Stores applauded action by the U.S. House Judiciary Committee to address excessive fees imposed by credit card companies for retail transactions. In a letter to Judiciary Committee Chairman John Conyers (D, Mich.), NACDS endorsed H.R. 5546, the "Credit Card Fair Fee Act," which was introduced by Conyers and Representative Chris Cannon (R, Utah). The bill would ensure that credit card "interchange" fees are set in open negotiations between retailers and credit card companies, helping to level the playing field of merchants and the customers they serve.

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