Rep. Bachus announces a hearing on debit card fees

01/26/2011 | AutomatedTrader.net

Rep. Spencer Bachus, chairman of the House Financial Services Committee, said that the panel will hold a hearing Feb. 17 to discuss a controversial plan from the Federal Reserve to limit fees on debit card transactions. Banks are opposed to the limit, and several lawmakers have raised concerns that the move could backfire on consumers.

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