Wednesday, March 16, 2011

Why would senators support a delay in a crackdown on fees that would bring billions to banks?

"On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve's upcoming crackdown on the "swipe fees" that banks charge merchants for processing debit card transactions -- a huge moneymaker for the banking industry whose continuation is at the top of the industry's lobbying wishlist."

More from HuffPo. 

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