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Fed to Propose Lowering Debit-Card Swipe Fees - WSJ

A section within the 2010 Dodd-Frank law called the Durbin amendment gave the Fed the power to set caps for banks and other financial institutions with $10 billion or more in assets.

This rule killed debit card rewards and pushed consumers into the more harmful credit card products. I wonder what this round of market distortion will yield.

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