Government organizations are working hard to do more with less, consolidating data centers and striving to deliver more services online to help lower operating costs and comply with federal regulatory mandates.
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U.S. banks lobby Fed on debit card fee limits
Reuters: The Federal Reserve has begun taking the first steps to crack down on debit-card transaction fees, with the battle between merchants and banks moving from the legislative to the regulatory arena.
The banks lobbied in vain against an amendment included in the financial reform act passed in July that limits some of their transaction fees.
Banks and analysts say billions of dollars in potentially lost revenue is at stake.
