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NGA Continues To Fight For Credit Card Reform

The National Grocers Association (NGA) and eight other national associations have vowed to continue the fight for credit card reform and oppose the proposed settlement in the case of “In Re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation,” NGA said today.

“NGA is strongly opposed to the proposed settlement because it does not the achieve the objectives NGA set out over seven and half years ago when it entered the class action litigation to represent the best interests of its independent retail members and the other merchants in the class,” said NGA President and CEO Peter J. Larkin. “Rather than bring fundamental reform to credit card swipe fees and the anticompetitive rules set by the credit card companies it will further entrench their market power and restrain merchants’ rights—even those that don’t yet exist—to challenge anticompetitive practices in the future, especially in the face of merchants attempts to use technological solutions to offer competitive payment options to consumers.”

NGA will be one of the opponents to join with other associations in filing a brief in opposition to preliminary approval 30 days after the proposal is filed with the court, which must occur no later than Oct. 19. NGA members who wish to join in support of NGA’s opposition will soon be given an opportunity to do so.

NGA is the national trade association representing the retail and wholesale grocers that comprise the independent sector of the food distribution industry. NGA members include retail and wholesale grocers, state grocers associations, as well as manufacturers and service suppliers.


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