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To: Rabin

I heard about this, but would certainly appreciate a link.


6 posted on 07/03/2011 12:21:54 AM PDT by dixiechick2000 (Age, skill, wisdom, and a little treachery will always overcome youth and arrogance!)
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To: dixiechick2000

“I heard about this, but would certainly appreciate a link.”

Here’s a June 29th article from the NYT(not my favorite paper)http://www.nytimes.com/2011/06/30/business/30debit.html?_r=1&;

The cap was mandated last year in the Dodd-Frank financial regulation law, but the Fed action was far less draconian than bankers had feared. The new cap of 21 to 24 cents a transaction, down from an average of 44 cents before the law passed, is roughly double the 12 cents tentatively proposed by the Fed last December.


14 posted on 07/03/2011 4:09:12 AM PDT by radioone (How Can an Obscure Guy Who Did Diddly Squat in the Senate Become President?)
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