WASHINGTON -- A House committee has endorsed a call from the credit card industry for a law to combat telemarketing fraud.

In a report released Sunday, the panel said it should be illegal for a merchant to process credit card transactions for other businesses without the express permission of its processing bank.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.