Episode 392: Trump Drops the Hammer on Swipe Fees

The Disruptor in Chief has struck again - this time completely rearranging the proverbial furniture regarding the decades-long war between retailers and the banks over swipe fees. This week, the President endorsed the Credit Card Competition Act cutting the knees out of the credit card companies as part of his ongoing battle against the banking industry. How will this change the game? We’ll take a look at where we go from here. It was a busy week for the Industry on Capitol Hill this week as a number of Labor- related bills were poised for passage on the House floor - right up until they weren’t. Legislation on overtime expansion, on-the-job training, and joint employer hit a bit of a snag. We’ll talk with Matt Haller, the CEO of the International Franchise Association to help us sort it out and better understand the path forward on these important legislative proposals. We’ll talk about those issues and wrap it up with the legislative scorecard.