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Department of Justice and Federal Trade Commission Express 'Serious Concerns' About H.R. 5546 (The So-Called 'Credit Card Fair Fee Act')
June 25, 2008In the midst of a sluggish American economy, the U.S. Department of Justice (DOJ) outlines "serious concerns" regarding H.R. 5546, a bill sponsored by Reps. Conyers and Cannon, which will legalize collusion among our nation's largest and most profitable retailers. In a letter sent on June 23, 2008 to Representative Lamar Smith, a senior official at DOJ emphatically states that the "bill may actually harm consumers, not benefit them." Full release