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How Visa, MasterCard, And American Express Can Help Restaurants

The National Restaurant Association is asking Congress to mandate reduced credit card interchange fees, expanding upon the Durbin Amendment under the Dodd-Frank legislation. The request is being made as restaurants seek assistance from Washington as the coronavirus shuts down businesses across the nation, with restaurants particularly hard hit.

NYSRA President and CEO, Melissa Fleischut, was featured on the podcast, The World and Everything In It

7 ways the CARES Act could hurt restaurants

The National Restaurant Association told federal authorities Wednesday at the U.S. Treasury and Small Business Administration that some of the wording in the Coronavirus Aid, Relief, and Economic Security or CARES Act  passed into law last week  needed to be clarified, modified and perhaps even changed to prevent what the organization said might be negative consequences of well-intended legislation. 

How The Restaurant Industry Has Been Slammed By Virus

A survey released by the New York State Restaurant Association this week found restaurants in the state alone lost $1.9 billion in sales and 250,000 jobs lost as a result of the coronavirus pandemic. 

Restaurants were ordered to close earlier this month in the state in order to halt the spread of the virus; Gov. Andrew Cuomo subsequently ordered people with non-essential jobs to stay home through at least April 15.