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Banks Blast Retailers' Concerns Over $7.25B Swipe Fee Deal

By Evan Weinberger (September 21, 2012, 4:04 PM EDT) -- A bank lobby group on Thursday said some retailers were using "manufactured claims" of unfairness in the proposed $7.25 billion settlement of allegations that Visa Inc. and MasterCard Inc. charged excessive swipe fees in an effort to get lawmakers to artificially cap those costs....

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