John Conyers

The National Retail Federation recently said it supported the introduction of antitrust legislation that would address hidden MasterCard and Visa fees that reportedly cost merchants and consumers more than $40 billion a year. “This legislation would use the nation’s antitrust laws to rein in the greed of the credit card companies,” said Mallory Duncan, NRF senior vice. “With the rapidly increasing use of plastic, credit card companies and their banks are seeing a windfall that is costing U.S. consumers tens of billions of dollars each year. These are fees that most consumers don’t even know they’re paying because Visa, MasterCard have tried to keep

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