Good news from the national level: the U.S. Senate voted this week to fix the broken debit market and reform debit card swipe fees. This was yet another huge victory for merchants and consumers. This vote protects the reforms scheduled to go into effect next month. Unfortunately, both California Senators (Feinstein and Boxer) voted in the minority against this reasonable measure.
The issue now moves to the Federal Reserve, which is expected to release final implementation rules. Click here for more information.
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