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Judge vacates Fed’s debit-card ‘swipe fee’ cap rule in win for retailers – report (JPM:NYSE)

Unrecognizable man customer paying with contactless credit card in a restaurant.

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In a ruling favoring retailers, a federal judge vacated a Federal Reserve rule on debit card “swipe fees,” saying the regulator went beyond what Congress allowed in laws it passed in 2010, according to media reports on Thursday.

The law

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