Food Marketing Institute Supports Interchange Swipe Fee Reform

Jun 29, 2010
Urges Congress to Pass Wall Street Reform Bill
in Radio Advertisement Campaign

ARLINGTON, VA — June 29, 2010 — The Food Marketing Institute (FMI) issued a radio advertisement today pressing the U.S. House of Representatives and the Senate to approve legislation that includes language to regulate interchange swipe fees by banks and credit card companies. Congressional votes on the Wall Street Reform Bill are expected in the coming days.

“Swipe fee reform is a critical issue to our members and one that FMI has championed for 12 years,” said Leslie G. Sarasin, president and chief executive officer at FMI. “Because of its importance, we are urging that Congress pass the Wall Street reform bill containing this important provision. It is the right thing to do and it keeps small businesses in business and helps consumers.”

The radio advertisement can be heard on WTOP radio in Washington, DC.

About FMI

As the food industry association, FMI works with and on behalf of the entire industry to advance a safer, healthier and more efficient consumer food supply chain. FMI brings together a wide range of members across the value chain — from retailers that sell to consumers, to producers that supply food and other products, as well as the wide variety of companies providing critical services — to amplify the collective work of the industry. www.FMI.org