Senate Approves Debit Interchange-Fee Amendment

WASHINGTON Retailers got a big boost this month when the Senate approved an amendment to the financial reform bill that would place restrictions on the fees that debit-card issuers assess to merchants. The amendment and the financial-reform bill itself still have a long way to go before becoming law, however. Late last week, the Senate was still scrambling to find enough support from Republicans to

WASHINGTON — Retailers got a big boost this month when the Senate approved an amendment to the financial reform bill that would place restrictions on the fees that debit-card issuers assess to merchants.

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