Senate Votes Down Bill To Delay Debit Card Fee Limits

June 9, 2011

A bill that would have delayed the Federal Reserve's proposed caps for debit card interchange fees failed to get the necessary votes in the U.S. Senate, according to www.pymnts.com.

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The Wall Street Journal, in an editorial titled, “Swiping the Swipe Fees,” criticized the U.S. Senate failure to pass a bill known as the Tester amendment that would have delayed...