Fed Will Miss Debit Deadline

WASHINGTON — As food retailers amassed here last week for their annual Washington Public Policy Conference, the chairman of the Federal Reserve Board told Congress that the Fed would not be able to complete a rule for debit-card fee regulation in time for the April 21 deadline.

WASHINGTON — As food retailers amassed here last week for their annual Washington Public Policy Conference, the chairman of the Federal Reserve Board told Congress that the Fed would not be able to complete a rule for debit-card fee regulation in time for the April 21 deadline.

Ben Bernanke told Congress that the volume and complexity of the comments the Fed had received on its proposal to cap debit-fee interchange rates at 12 cents per transaction would force a delay in finali

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