Retailers Ready to Go Another Round Over Credit Card Swipe Fees

Retailers are pushing for changes to credit card swipe fees nearly a year to the day after they triumphed in one of the biggest lobbying battles ever. The Federal Reserve lowered the fees that merchants are charged when customers swipe a debit card last year, handing a decisive win to retailers after a multimillion dollar advocacy war with big banks. The new rates took effect on Oct. 1, 2011. With that victory notched, retailers are coming back for more.