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Fed to miss interchange rule's April 21 deadline

The Federal Reserve will be unable to meet the April 21 deadline for issuing a final debit card interchange rule, Fed Chairman Ben Bernanke told House and Senate banking committee leaders yesterday. Bernanke explained that staff needs more time to analyze the complex issues raised in more than 11,000 comments received on the proposal.

You can read the full letter from Chairman Bernanke by clicking here.

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