Merchants Payments Coalition Blasts Fed

The Merchants Payments Coalition, a group of retailers, supermarkets, drug stores, convenience stores, fuel stations, online merchants, and other businesses, released a statement criticizing the U.S. Federal Reserve for “making merchants pay for fraud prevention even if banks don’t prevent fraud.” Although the Fed found that merchants bear 41% of signature debit fraud losses and…

House Urges EPA to Waive RFS

More than 150 House lawmakers and seven senators sent letters to the U.S. Environmental Protection Agency (EPA) last week, urging the agency to waive its renewal fuel standard (RFS) out of concern for economic harm from rising corn prices due to this summer’s drought, Inside EPA reports. The request echoes livestock groups’ recent petition to…