With federal legislation on credit and debit card interchange appearing dead in the water this year, attention on the issue has focused on the state of Vermont where legislation addressing card interchange and card practices has passed the state Senate.
S. 138 is now headed to the Vermont House. The measure also prohibits any fines on merchants for advertising lower prices for using cash or for refusing to take all cards at given locations.
"The Vermont Senate's action could be the start of a national movement," suggested Jim Harrison, president of the Vermont Grocers' Association in a statement hailing the Senate move.
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