The National Retail Federation (NRF) is publicly supporting the House Energy and Commerce Committee’s consideration of the Data Security and Breach Notification Act. In a public statement, Mallory Duncan, senior VP and general counsel NRF, said strong tools are needed to combat criminal breaches.
The National Retail Federation issued the following statement from senior VP and general counsel Mallory Duncan in response to U.S. District Court Judge John Gleeson’s approval of a controversial antitrust lawsuit over credit card swipe fees:
Despite some groups’ claims, the National Retail Federation said that few, if any, merchants are expected to surcharge customers for using a credit card as theoretically allowed under a controversial proposed lawsuit settlement with Visa and MasterCard being debated in the courts.
Retailers and their customers will save billions of dollars when new Federal Reserve regulations cutting debit-card swipe fees roughly in half take effect this weekend, the National Retail Federation said.