NRF Renews Call to Pass Swipe Fee Legislation

WASHINGTON - The following statement may be attributed to National Retail Federation following the reintroduction of the Credit Card Competition Act.

"NRF commends Senators Roger Marshall, R-Kan., and Dick Durbin, D-Ill., for their steadfast leadership in challenging the credit card swipe fee duopoly. The Credit Card Competition Act is essential to leveling the playing field for millions of American businesses that currently lack any control over the non-negotiable fees tied to every card transaction.

"By fostering much-needed competition, this bipartisan legislation will provide direct relief to both retailers and consumers, ensuring the industry can continue delivering quality products at affordable prices.

"We urge Congress to move swiftly to pass this bill and protect the American economy from escalating swipe fees."

About NRF
The National Retail Federation passionately advocates for the people, brands, policies and ideas that help retail succeed. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation's largest private-sector employer, contributing $5.3 trillion to annual GDP and supporting more than one in four U.S. jobs - 55 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies. nrf.com