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NRF, FMI and RILA applaud decision on swipe fees
Washington, D.C. -- The National Retail Federation, Food Marketing Institute and Retail Industry Leaders Association (RILA) both issued statements applauding the ruling on the Federal Reserve Swipe Fee Regulation. The groups were responding to a U.S. District Court ruling on Wednesday that the implementation rules for debit swipe fee reform established by the Federal Reserve were inconsistent with the intent of the law.
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North American retailers offer Bangladesh safety plan
New York -- A group of 17 North American retailers, including Walmart, J.C. Penney, Gap, Target and Macy’s, on Wednesday announced a five-year safety pact aimed at improving conditions in garment factories in Bangladesh. It calls for inspecting all factories that supply their garments within a year, and an agreement to set up basic safety standards within three months.
The announcement by the Alliance for Bangladesh Worker Safety comes after a separate safety plan was announced on Monday by a group of mostly European companies.