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Senate Clears Financial Reform Bill |
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The U.S. Senate passed the comprehensive financial reform bill yesterday by a 59-39 margin, including the amendment by Sen. Richard Durbin (D-IL), but not a controversial effort by Sen. Tom Harkin (D-IA) to limit ATM fees to fifty cents.
The bill that cleared the Senate differs from a version passed by the U.S. House of Representatives and will have to be reconciled with that bill, possibly through a formal conference procedure. It could be sent to the White House as soon as late June or early July.
For more information about the bill, visit The Voice of Payments™.
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