House panel hears retailers' concerns about chip-and-signature cards

Matt Hamblen

"We are in the midst of a private-sector transition, not something mandated by Congress or the Administration but something initiated by the free market, Chabot said. "Any change is hard, but when it impacts millions of people, controversy is inevitable … We've had tremendous pushback from all sides. To me, this only confirms that this is the right issue, the right time and the right venue for a fair, open conversation ….[to] help us understand this issue more clearly."

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