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Speaking with One Voice

The Northeast Pool & Spa Association is your voice on legislation and regulations impacting our industry. NESPA GRAC monitors legislative action across the region and represents the pool and spa industry when these important actions are being debated.

 


 

 

NESPA's Government Relations Action Committee (GRAC) brings together dedicated member volunteers and lobbyists on behalf of our members to oppose onerous over-regulation and advocate for our industry. We have important relationships with Federal, State and local officials and are in regular contact to share our industry’s perspective on legislation. 

The Government Relations Action Committee consists of representatives from each of our four chapters.  If you have questions about legislation and government regulations contact NESPA at 609-689-9111.

Business Alert!
Alcide Guzman
/ Categories: News, CONSPA, LIPSA, Metro NY NJ, Penn Jersey, Update Newsletters

Business Alert!

 

If your business accepted Visa and/or Mastercard between January 1, 2004, and January 25, 2019, you should be aware of a court-approved settlement related to interchange fees. Your business may be eligible to receive a portion of the settlement funds. The preliminary deadline to file a claim is May 15, 2024.

Interchange fees are charged by issuing banks (banks that issue credit cards) to acquiring banks (banks that process transactions for merchants) for each credit or debit card transaction. These fees typically account for a significant portion of the fees merchants pay for accepting card payments. 

In a lawsuit filed against Visa and Mastercard, it was alleged that the companies violated antitrust laws by setting and conspiring on interchange fees. The lawsuit resulted in a $5.5 billion settlement, with eligible businesses potentially receiving a percentage of the funds. 

For more information on the settlement and assistance with filing a claim, you can contact Michael Marinaccio, Claims Recovery Specialist at  J.E. Lawrence Company, via email at mmarinaccio@jelcrs.com or  Cell 848-482-8200.

 

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