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Debit Card Fee Rule Is Legal Under Dodd-Frank, Fed Says

By Keith Goldberg (April 16, 2012, 1:21 PM EDT) -- The Federal Reserve on Friday urged a judge to toss a suit by retailers challenging the level at which it has set debit card transaction fees, saying the level was reasonable and didn't overstep the Fed's authority to set the limits granted by the Dodd-Frank Act....

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