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ABA Statement on Federal Reserve Decision to Appeal Interchange Ruling

 

Aug 22 - The American Bankers Association has released the following statement by Frank Keating, ABA president and CEO, on the Federal Reserve's decision to appeal interchange ruling.

The Federal Reserves decision to appeal is the right thing to do for consumers who value debit cards and the financial institutions that serve them. Were encouraged that all parties have asked for a stay and will seek an expedited appeal, which would avoid the market disruption and consumer harm that other alternatives would cause."


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