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Battle brewing over swipe fees

from Convenience Store Decisions

A forthcoming Republican bill to reshape the financial regulatory system is expected to kick off "one of the largest industry-versus-industry lobbying battles ever." A report in the Washington Examiner said the House Financial Services Committee is set to release a new version of last year's Financial Choice Act in a matter of weeks. "The bill would undo many of the regulations in President Barack Obama's 2010 Wall Street reform law and touch on almost every aspect of the financial system," the report said. more


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