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Fed Debit Proposal Pounds Visa and MasterCard

Posted by CreditCardsCanada 527 days ago (http://www.creditcardscanada.ca)
Category: Stocks | Tags: credit cards investing stock
The Fed’s proposal, released Thursday, is to cap debit interchange fees at 12 cents, which represents a 70% haircut. The news from the Fed crushed stocks of credit card giants Visa and MasterCard.
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