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Sen. Durbin Tells High Court Fed Got Swipe Fees Wrong

By Jonathan Randles (September 23, 2014, 6:55 PM EDT) -- Sen. Dick Durbin, D-Ill., has urged the U.S. Supreme Court to undo the Federal Reserve's debit card swipe fee rules, saying the agency caved to the banking industry when it allowed for fee regulations that are more lax than what is called for under the legislative amendment bearing his name....

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