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 ...
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