Bill May Actually Harm Consumers, Not Benefit Them WASHINGTON, June 25 WASHINGTON, June 25 /PRNewswire-USNewswire/ -- In 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." H.R. 5546 will increase the cost of credit for consumers and reduce access to affordable credit for those who need it. The bill undermines the current electronic payment industry, which benefits consumers and retailers by offering a convenient, secure and reliable alternative to...
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