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Bill would delay fed's debit-card fee rule

from The Wall Street Journal

Sen. Jon Tester and a bipartisan group of U.S. senators formally launched their legislative attack on the Federal Reserve's plan to regulate debit card transaction fees, a move cheered by banks and credit unions but slammed by retailers. The bill, dubbed the Debit Interchange Fee Study Act, comes amid concerns over the Fed's proposed fee caps and calls for a two-year timeout on the regulation. more

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