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NRF opposes swipe fee settlement
Washington, D.C. – The National Retail Federation (NRF) is formally opposing the proposed settlement of a federal antitrust lawsuit brought by 19 trade associations and six retailers in 2005. The lawsuit involves “swipe fees” charged for credit card transactions by Visa and Mastercard. Retailers that agree to settlement terms are eligible for a share of a $7.25 billion settlement.
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NRF criticizes Bangladesh safety accord
New York -- The National Retail Federation on Wednesday criticized a fire-and-building safety agreement for Bangladesh, led by labor groups such as Europe's IndustriALL.
"While the proposal put forth by the labor unions addresses a number of shared concerns, the accord veers away from commonsense solutions and seeks to advance a narrow agenda driven by special interests," NRF CEO Matthew Shay said in a statement.