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Message: Merchants Payments Coalition Calls on Federal Reserve to Look at Interchange Fees to Protect Both Consumers and Retailers from Excessive Hidden FeesGroup welcomes Fed focus on credit cards but stresses much more needs to be done WASHINGTON, D.C. - December 18, 2008 - The Federal Reserve Board needs to include interchange fees in its examination of credit card industry practices, urged a group representing the nation’s retailers. The Merchants Payments Coalition (MPC) )/UnfairCreditCardFees.com is proposing that the Federal Reserve specifically examine how interchange fees – which totaled $42 billion in 2007, about twice what consumers paid in late fees – are set… Go to http://www.unfaircreditcardfees.com