Senators Move To Curb Credit Card Fees To Stores

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Vermont Senate leaders want to do something Congress failed to: crack down on high fees and others costs imposed on small merchants by credit card companies.

Senate President Peter Shumlin joined three of his colleagues and merchants in announcing the amendment to a bill on credit card fees on Tuesday.

The amendment seeks to restrict credit card companies from fining merchants who try to limit small credit card purchases by customers or who try to steer customers to one type of card over others that charge higher fees.

The senators say fees charged to merchants are passed on to consumers and cost Vermonters more than $400 per household per year in higher store prices.

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