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TCF gains in fight over debit-card fee limits

| Minneapolis Star-Tribune

“In court documents, TCF Bank has warned that it would suffer ‘massive dislocation’ and ‘a huge loss in revenue’ if the Fed proceeds with plans to limit debit-card fees. But [CEO Bill] Cooper is no longer fighting this battle alone. After media reports emerged that banks were hiking other fees to recoup lost income, a number of congressional Republicans and Democrats have begun discussing alternatives to the Fed proposal, banking industry lobbyists say.”

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