‘Heavy-handed government intrusion’ were some words used…
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| | | | | The NAFCU claims it will impair both cardholders and issuers. READ MORE |
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| | | The National Association of Federally Insured Credit Unions (NAFCU) is the latest organization declaring its opposition to the proposed Credit Card Competition Act. In a letter to Congressional leaders, B. Dan Berger, NAFCU president and chief executive officer, called the bill “unwarranted” and said it represents a “heavy-handed government intrusion into the credit card payments market that would hurt credit unions and consumers alike, while allowing the largest retailers to pocket significant cost savings.” **
How affected are you / your business by credit card fees? Let us know in the comments here or email SN Executive Editor Chloe Riley at chloe.riley@informa.com. WHAT DO YOU THINK? |
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