BGOV Report on Debit Card Fees Nov. 18

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Nov. 18 (Bloomberg) -- Bloomberg Government analyst Cady North discusses the unintended consequences of the Federal Reserve's debit interchange fee cap, which went into effect on Oct. 1 and may cost the banking industry $8 billion annually. The top 10 U.S. banks will seek ways to recoup at least part of that lost revenue. North talks with Megan Hughes about her Bloomberg Government Study, "Business Impact of the Dodd-Frank Debit Fee Cap." (Source: Bloomberg)


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