Some lawmakers are supporting a bill that that could raise restaurants’ debit-card fees.
We’re fighting back.
The National Restaurant Association blasted a letter to Congress today, asking the House Financial Services Committee to vote against a bill that would raise the “swipe fees” restaurants and other merchants pay when guests pay by debit card.
The committee could vote on the bill this week.
“The National Restaurant Association is extremely disappointed that the Financial CHOICE Act, including a provision to repeal debit swipe fee reform, has passed the House Financial Services Committee,” said Laura Chadwick, director of commerce and entrepreneurship for the National Restaurant Association. “We are categorically opposed to the repeal of these critical reforms that have brought a degree of competition, transparency and fairness to debit swipe fee costs where there was absolutely none previously. We fought vigorously with our members to achieve debit swipe fee reform for years, and we will continue to fight against any further movement of this bill so long as a repeal provision is included. We urge Members of Congress to stand with small business, not big banks.”
Tell Congress to oppose any effort to increase debit-card fees for restaurants.
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