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Retail Group make case for swipe fee reform
The National Retail Federation brought added attention to its stance on debit card swipe fee reform at a Congressional hearing on Capitol Hill. According to the NRF, reform has saved merchants and consumers more than $40 billion -- which is why the association is asking that it be protected. -
Retailers increase spending on lobbying efforts
Retailers concerned over the pending border-adjusted tax have boosted their lobbying efforts in Washington. Target Corp., Gap Inc., and Best Buy Co. Inc. spent nearly $3.2 million combined on lobbying during the quarter – as opposed to just $830,000 in the same period a year ago – according to federal lobbying disclosures filed Thursday, Bloomberg reported, while Wal-Mart spent almost $2.2 million in the first quarter, an increase of $140,000 over the same time last year.

