WASHINGTON — A second piece of federal legislation aimed at card interchange has been introduced.

This latest effort comes from Vermont Democrat Peter Welch, the lone member of the House of Representatives from that state. Welch's measure would not mandate any change to how card interchange rates between card issuers, the card brands and retailers are negotiated, but would instead seek to have interchange rates made public. It would also make the Federal Trade Commission the de-facto regulator over whether card interchange rates violate consumer protection laws.

This measure is an additional bill to the “Credit Card Fair Fee Act of 2008″ which would seek to force a change in how card interchange is negotiated.

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