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Durbin Statement on the Final Federal Reserve Rules on Interchange Fees

Washington, DC–(ENEWSPF)–June 30, 2011.  Assistant Senate Majority Leader Dick Durbin (D-IL) released the following statement yesterday on the Federal Reserve’s announcement of their final rules reforming the debit interchange system:

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“The rules announced by the Federal Reserve today will finally make swipe fee reform a reality and help bring fairness, transparency and competition to a debit card system that for years has operated without them.

The rules, which will take effect on October 1st

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