A retail-industry group asked the U.S. government to delay plans to expand the Internet’s address system, saying store owners need more time to assess the impact of adding hundreds of Web suffixes such as .bank and .nyc.
U.S. Senator Richard Durbin’s office told retailers that their efforts to have Congress rein in credit-card swipe fees will be imperiled if they support a $6.6 billion settlement with Visa Inc. and MasterCard Inc.
The National Retail Federation said it will try to block a settlement of as much as $7.25 billion with Visa Inc. and MasterCard Inc. over the fees they charge stores when customers pay with credit cards.
A lawyer for retail groups seeking to derail an estimated $7.25 billion settlement with Visa Inc. and MasterCard Inc. over credit-card fees charged to merchants told a judge he needs access to all records in the case, including some that Visa deemed “highly confidential.”
Large banks and small lenders, which have differed over issues ranging from a new consumer protection agency to a proposed bailout fund for failed firms, are allied on one front: They want debit-card fees left alone.