WASHINGTON — Retailers were poised to begin celebrating last week after more than a decade of battling unregulated interchange fees. The Senate and House appeared to reach a compromise on an amendment to the financial reform legislation that would for the first time place debit-card interchange fees — assessed to merchants by debit-card issuers for each transaction — under federal oversight and give retailers new flexibility to reduce their costs. “We are at a point in this process where ...

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