Big banks duck fee fight
By Ben White
Politico
Megabanks like JPMorganChase, Citigroup and Bank of America stand to lose billions of dollars if new debit card “swipe fee” limits go into place as part of Wall Street reform.
But you wouldn’t know it from their public posture. They’ve barely uttered a word of opposition — even as they mount a furious campaign to strip the language out of the bill behind the scenes.
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