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Small retailers and consumer groups are cheering proposed regulations by the Federal Reserve that would limit.
It -- shoppers -- for buying products with debit cards.
Debit card -- top 48 billion dollars in 2008.
According to one consumer organization.
Triple the amount in 2001.
The proposed roles from the -- would cap the is that twelve cents per transaction a reduction of up to 80%.
Which consumer groups say -- save shoppers billion.
Debit cards are -- used in 35%.
Non age he nutrients actions.
-- put clips she acts.
As the most frequently used non cash payment method.
Banks oppose the proposed rules they say they won't let retailers off the hook for paying their fair share or credit payment system that offers them big benefit.
Banks say the rules would also cut revenues they used to fight fraud.
Make loans and provide low cost basic banking services the Fed is expected to formally approve the new rules early next year.
The Small Business Administration announced new measures to increase small business lending.
And announced two new loan programs for underserved communities small loan advantage and community advantage with streamlined applications for smaller loans.
And a renewed for three more years as popular lending program for veterans patriot express.
That's up for this edition of the small business report Peter Barnes Fox Business --
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