GLG News Analyses of the following article:
Retailers, consumers squeezed
Published at: www.washingtontimes.com
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Retailers step up the demagoguery in anti-interchange campaign
April 14, 2009
Retailers are waging a no-holds barred campaign seeking government regulation of card acceptance fees and interchange. A barrage of advertising and inflammatory op-ed pieces such as “Retailers, consumers squeezed” make a revival of the “Credit Card Fair Fee Act” later this year more likely. If it or similar card payment fee regulation was enacted, card issuers, networks and acquirers would be hurt.
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