Wednesday, June 29, 2011

Bid to Block Debit Cap Turned Aside by U.S. Appeals Court

Unanimous Ruling Upholds April Debit Cap Decision 
(from Bloomberg on 6- 29-2011)

TCF Financial Corp.(TCB) failed to persuade a U.S. appeals court to block a federal regulation capping the fees the biggest U.S. banks can get from retailers for processing debit-card transactions....
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