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Supreme Court agrees to hear debit card swipe fees case | Hilton Head Island Packet

Supreme Court agrees to hear debit card swipe fees case | Hilton Head Island Packet
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Supreme Court agrees to hear debit card swipe fees case

The Supreme Court agreed Friday to take up a case asking the Federal Reserve to lower the cap on debit card “swipe fees.” An amendment by Sen. Dick Durbin (D-Ill.) to the 2010 Dodd-Frank Act directed the Fed to set a “reasonable” cap on fees that banks charge merchants each time a customer swipes a…

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