Limiting debit card swipe fees: losers and winners

With the biggest overhaul of the country’s financial rules successfully passed by the U.S. House of Representatives Wednesday, and a vote in the Senate expected after the brief July 4 recess, some clear winners and losers are emerging on at least one of the provisions tucked into the historic legislation.

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Former SEC chairman predicts agency will prevail in Goldman Sachs case

Lawmakers on Capitol Hill have been lashing out at Goldman executives in an attempt to get to the bottom of their role in the subprime mortgage meltdown. The world’s most powerful investment bank is taking a public beating since the Securities and Exchange Commission filed a civil suit alleging securities fraud on April 16.

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