Hearing on Credit Card Interchange Fees - Video Clips
U.S. House of Representatives Judiciary Committee Antitrust Task Force
July 19, 2007
Watch and Take Action - Look who is speaking out against interchange fees!
Take a minute to click on the links below and listen to what lawmakers and other experts have to say about interchange fees - they are strong comments and right on point. Please spread the word - click the "take action" link and write to your lawmaker on this topic. Also pass this along to a friend or colleague - just click on "e-mail to a friend" and write a personal comment. Lawmakers are listening and asking tough questions - please let them know you appreciate what they are doing.
Steve Smith, President and CEO, K-VA-T Food Stores, Inc.
"There is no negotiating with the credit card companies."
Ed Mierzwinski, Consumer Program Director, US PIRG
"Rewards cards have higher merchant fees."
Representative Maxine Waters (D-CA)
"What is the impact of interchange fees on small business?"
Representative Ric Keller (R-FL)
"Is there collusion between MasterCard, Visa and the participating banks?"
Representative Darryl Issa (R-CA)
"There is an absence of competition and a gag rule in America today."
Key Testimony
MPC Chairman, Mallory Duncan, Chairmain, Senior Vice President and General Counsel, National Retail Federation
Read his testimony and press statement.
Steve Smith, President and CEO, K-VA-T Food Stores, Inc.
Edward Mierzwinski, Consumer Program Director, U.S. PIRG
Click here to watch the entire hearing.