The National Restaurant Association (NRA) is a great resource for important and late breaking restaurant industry news. Recently, they’ve pointed out a few new and current pieces of legislation we wanted to be sure you saw. Additional to reading these updates, be sure to bookmark them for important information and resources.
National Labor Relations Board Poster
Starting Jan. 31, 2012, per the National Labor Relations Board (NLRB), all employers must post the National Labor Relations Act poster, which outlines employee’s rights to organize and bargain collectively. The poster is 11”x17” and originally had a mandatory post date of November 14; however, it’s been pushed back as the NLRB would like to continue to spread awareness. Click here to download the poster, and read more about it here on the NRA website.
On Oct. 1, the Federal Reserve implemented new regulations which put a cap on debit-card swipe fees for merchants.
The NRA said fees had been around 44 cents per transaction and now it is capped at 21 cents, plus 0.05 percent of the transaction amount. They estimate the new cap will positively affect the restaurant industry as companies will no longer be able to increase rates at any point in time. Read more about the new debit card swipe fee policy here.
Credit/Debit Card Receipts
Earlier in October, NRA posted an article reminding restaurants of The Fair and Accurate Credit Transactions Act of 2003. It states businesses cannot show expiration dates and more than the last five digits of a credit card number on receipts. Read more from the NRA here.
Other NRA Articles and Resources: