TCF gains in fight over debit-card fee limits

Minneapolis Star-Tribune | January 20, 2011

“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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