Welch Promises to Kill Debit Interchange Posted by AVCU on 5:36 PM

In an April 27th DC rally held by the National Association of Convenience Stores, Vermont Congressman Peter Welch blasted the evils of credit card companies and so-called unfair practices imposed upon merchants. The rally served to deliver another 2 million petitions collected by 7-Eleven (adding to a previous 1.7 million) opposing interchange. In addition, Congressman Welch proclaimed his intent to introduce legislation that would (presumably) eliminate debit card interchange, and possibly other related fees paid by merchants. See the video below.