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Representatives of the retailer community will face off against payment card network and bank executives over credit and debit card interchange during a Wednesday hearing to be chaired by Sen. Dick Durbin.
In bipartisan letter to Visa and Mastercard, lawmakers urged companies to reconsider higher fees slated to take effect this month
The National Retail Federation, the nation's largest retail trade group, is calling on Visa and Mastercard to cancel swipe fee increases as consumers battle skyrocketing inflation.
Consumers will spend an average of $169.79 on Easter-related items this year for a total of $20.8 billion.
The ads will target members of Congress ahead of a $1.2 billion swipe-fee increase next month.