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News » Lawmaker calls for limiting credit card fees
Mar. 19, 2010
There's a move in the state Legislature to limit how much credit card companies can charge Wisconsin businesses.
The measure authored by Rep. Marlin Schneider would cap fees to merchants at one percent of the cost of a credit card purchase. The Wisconsin Rapids Democrat says they're charging around three percent now, and it's hurting businesses.
Credit card companies are expected to argue that the proposal is unconstitutional. |
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