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Credit & Debit Cards

Fed Compromise On Debit Could Jeopardize Bid To Delay Price Cap

MAY 9, 2011 8:04pm ET

WASHINGTON – The Federal Reserve is planning to amend its proposal to cap debit fees at a higher rate, setting a compromise in the heated controversy between merchants and banks and credit unions while at the same time threatening efforts by banks and credit unions to delay implementation of the...

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