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Supreme Court passes on looking at swipe fees cap

Jan. 20, 2015 10:56 AM ETVisa Inc. (V) StockWMT, COST, M, TGT, HD, MA, BBY, GPS, CVS, LOW, V, WBABy: Clark Schultz, SA News Editor10 Comments
  • The Supreme Court passes on hearing a case over the level of swipe fees charged by banks to retailers.
  • The cap on swipe fees will stand at $0.21-$0.24 following the high court decision.
  • Intense lobbying from the financial services industry prompted the Fed to move off its original recommendation for a $0.12 cap.
  • The National Retail Federation and other consumer groups have vowed to keep the fight going.
  • Related stocks: V, MA, WMT, TGT, BBY, CVS, WBA, COST, HD, LOW, GPS, M.

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