Mallory Duncan

In the wake of the recent breach of Target and other major retailers, the National Retail Federation said Monday that retailers should take a "collaborative approach" to fighting fraud- and that Congress should help too.

The National Retail Federation on Thursday asked Congress to overturn recent Federal Reserve regulations that would effectively ban popular "same-as-cash" offers made by retailers on merchandise ranging from furniture to to wedding rings, saying the interest-free finance mechanism is important to cash-strapped consumers during the current recession.

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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