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Choice Act to lose Durbin repeal
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Banking, Legislation
Wednesday, May 31, 2017
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House Financial Services Committee (FSC) Chairman Jeb Hensarling (R-Texas) recently decided to strike the hotly debated provision to repeal the Durbin Amendment from the Financial Choice Act. Read on to find out what supporters and detractors of the provision are saying about the decision, which will leave in guidelines to limit the amount of interchange fees that can be charged on debit and credit card transactions.
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