It’s no accident legislators are moving so quickly to ban retailers from adding surcharges when customers use credit cards.
In this week’s State Street
, Assemblyman Gary S. Schaer (D-Passaic) explains constituents and lawmakers were immediately up in arms upon hearing retailers in New Jersey would be allowed to start adding surcharges to customer’s bills to cover the interchange fees retailers pay on credit card transactions. The allowance was due to a Jan. 27 policy change by Visa and MasterCard.
Schaer said the bill is the most popular piece of legislation he’s ever worked on. Last week, it cleared two committees and the full Senate. It needs only an affirmative Assembly vote and Gov. Chris Christie’s signature to become law.
Meanwhile, Michael Egenton from the New Jersey State Chamber of Commerce talks about plans for a potential minimum wage campaign, and the Marcus Rayner of the New Jersey Lawsuit Reform Alliance discusses his concerns about the so-called “Facebook” bill. The bill ostensibly bans employers from asking for employees’ or job applicants’ social media credentials, but Rayner said the bill as it stands has much broader implications.
, NJBIZ knows the location of Amazon’s second warehouse in the state. And there’s an interesting item involving Assembly Minority Leader Jon Bramnick and a “summons” for illegally operating a pub in his Westfield home. (Spoiler alert: It’s a fake.)