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Keating explains interchange facts in letter to Sen. Durbin

ABA President and CEO Frank Keating sent a follow-up letter to Sen. Richard Durbin (D-Ill) on April 21 to clear up confusion about the Federal Reserve's proposed rule that would implement the Dodd-Frank Act's interchange amendment sponsored by the senator.

Keating emphasized, among other things, that the Federal Reserve's proposed rule would affect banks of all sizes, and Congress has not fully explored the Durbin amendment's potential impact.

You can read Keating's entire letter by clicking here.

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