Tag Archive | debit card swipe fees

National Restaurant Association Continues Strong Objection to Swipe Fee Settlement

The National Restaurant Association today announced a decision to continue its strenuous objection to a proposed settlement in ongoing litigation over credit card interchange swipe fees. The National Restaurant Association objects to the proposed settlement because it does not fix the broken swipe fee marketplace, severely limits merchants’ ability to […]

Read the full story

Posted in News

National Restaurant Association Announces Opposition to Proposed Swipe Fee Settlement

The National Restaurant Association today issued the following statement, expressing opposition to the terms contained within a proposed swipe fee antitrust settlement. “After careful and deliberative considerations, the National Restaurant Association Board of Directors’ Executive Committee decided unanimously to reject the proposed settlement agreement on interchange swipe fees,” said Dawn […]

Read the full story

Posted in News

National Restaurant Association: Swipe Fee Reforms Have Been Critical for Small Businesses, Consumers

A year after a bipartisan majority of Senators stood up to protect debit swipe fee reforms, the National Restaurant Association today noted those reforms have provided important benefits to restaurateurs and their customers. America’s restaurant industry is the nation’s second-largest private sector employer, and more than 90 percent of restaurants […]

Read the full story

Posted in News

CKE Restaurants Files Brief in Support of Lawsuit Fighting Inflated Credit and Debit Card Swipe Fees

CKE Restaurants, Inc., parent company of Carl’s Jr. and Hardee’sbrands, today announced it has joined with other quick-serve restaurant and convenience store chains in filling an amicus brief in support of a lawsuit against the Federal Reserve regarding unjustifiably high swipe fees charged by major banks. CKE and the other […]

Read the full story

Posted in News

National Restaurant Association Joins Suit against Federal Reserve for Failure to Follow Congressional Intent on Swipe Fee Reform

The National Restaurant Association has joined a lawsuit challenging the Federal Reserve’s final rule on debit card swipe fees, arguing that the Fed did not follow Congressional intent to issue regulations that would ensure debit card swipe fees for merchants are “reasonable and proportional” to the cost of processing debit-card […]

Read the full story

Posted in News