• NRA
    NRA We Serve America's Restaurants Representing nearly 500,000 restaurant businesses, we advocate for restaurant and foodservice industry interests and provide tools and systems that help members of all sizes achieve success.
  • NRAEF
    NRAEF Building & Retaining Talent The NRAEF is focused on developing a stronger workforce and building the next generation of industry leaders through education, scholarships and community engagement.
  • NRA Show
    NRA Show May 17-20, 2014 As the international foodservice marketplace, the NRA Show provides unparalleled opportunities for buyers and sellers to come together, conduct business and learn from each other.
  • ServSafe
    ServSafe Minimize Risk. Maximize Protection. For over 40 years, ServSafe® training programs have delivered the knowledge, leadership and protection that have earned the trust and confidence of business leaders everywhere.
  • Edge
    Edge Edge℠ Prepaid Discover® Card Simplify payroll processes, realize cost savings and improve productivity while providing a valuable financial tool that is uniquely tailored to fit your employees’ lifestyle.

National Restaurant Association - National Restaurant Association Statement Regarding U.S. Court of Appeal’s Decision on Swipe Fees

Skip to navigation Skip to content

Pressroom

Share:
Email Print

National Restaurant Association Statement Regarding U.S. Court of Appeal’s Decision on Swipe Fees

Contact: Christin Fernandez (202) 331-5939

(Washington D.C.)- The National Restaurant Association issued the following statement regarding the U.S. Court of Appeal’s decision to uphold the Federal Reserve’s rule on capping debit swipe fees:

“We are disappointed in the outcome of today’s U.S Court of Appeal’s decision to largely uphold the Federal Reserve’s debit card interchange fee rule and network non-exclusivity rule. We are currently reviewing the opinion and exploring further legal options. The U.S. District Court’s original ruling appropriately took into account the concerns raised by small ticket merchants. Allowing higher fees on small-ticket bills was not the intent of Congress and an unintended consequence of the Federal Reserve’s flawed implementation of the law. We hope the Federal Reserve will exercise its existing authority to reconcile this failure and ensure the major card brands cannot continue to impose unreasonable debit card fees on the restaurant and foodservice industry to the detriment of thousands of businesses and ultimately our customers.”  

Scott DeFife, Executive Vice President of Policy and Government Affairs, National Restaurant Association 



###

Founded in 1919, the National Restaurant Association is the leading business association for the restaurant industry, which comprises 990,000 restaurant and foodservice outlets and a workforce of more than 13.5 million employees. We represent the industry in Washington, D.C., and advocate on its behalf. We operate the industry's largest trade show (NRA Show May 16-19, 2015, in Chicago); leading food safety training and certification program (ServSafe); unique career-building high school program (the NRAEF's ProStart); as well as the Kids LiveWell program promoting healthful kids' menu options. For more information, visit Restaurant.org and find us on Twitter @WeRRestaurantsFacebook and YouTube.

 

▲ Back to Top

We're glad you're here!®

® 2012-2013 National Restaurant Association. All rights reserved.

2055 L St. NW, Suite 700, Washington, DC 20036
(202) 331-5900 | (800) 424-5156