Vote dubbed a win for the restaurant industry
Foodservice and retail associations praised the U.S. Senate Wednesday for rejecting an amendment that had sought to delay the implementation of debit-card swipe fee reform scheduled to go into effect July 21. As a result, the Federal Reserve will be able to cap fees at 12 cents a transaction compared with the current average of 44 cents per transaction. The amendment, which was introduced by Sen. Jon Tester, D-Mont., was rejected by a vote of 54 to 45, just six votes shy of the 60 votes ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com