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ABA Strongly Opposed to Gooden-Welch Credit Card Legislation

We strongly oppose the credit card legislation introduced by Representatives Welch and Gooden today. Representative Welch took the side of the worldโ€™s largest retailers, Walmart and Amazon, in an effort to boost their profits and give them even more power to put local Vermont retailers out of business. This is a boon for the big boxes and a loss for Main Street. The bill will also harm tourism by eliminating the credit card rewards that make it possible for so many people to travel, stay, and ...
United States Green Mountain Federal Reserve American Bankers Association Representatives Welch Representative Gooden
Source: aba.com

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