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Fed to show interchange proposal meeting via Webcast

The Federal Reserve's open board meeting scheduled for Thursday, Dec. 16, concerning the proposed rule on debit card interchange fees will be made available via Webcast on the agency's Website.

The proposal would implement a provision in the Dodd-Frank Act – the Durbin amendment – that requires the Fed to cap debit-card interchange fees so they are “reasonable and proportional” to the cost of the transaction.

Click here to read the Fed's announcement of the upcomign Webcast, along with instructions on how to view.

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