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The Federal Open Market Committee voted to hold rates steady this afternoon, keeping the federal funds rate between 5.25% and 5.5%.

Powell signals broad changes in the works for capital rules

Federal Reserve Chair Jay Powell told the House Financial Services Committee this morning that he expects “broad and material changes” to be made to Basel III capital reform.

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Presented by The Electronic Payments Coalition

NEW DATA: Oxford Economics finds Durbin-Marshall Credit Card Mandates would hurt local economies, costing $227 billion and 156,000 jobs across the country.

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