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NEW: Fed to Appeal Interchange Ruling, Request Stay Extension

Summary: 
WASHINGTON (8/21/13, UPDATED 2:35 P.M. ET)--Fed General Counsel Scott Alvarez today said the Federal Reserve Board plans to appeal a recent district court decision that turned the agency's debit interchange fee rule on its head and instructed the Fed to rewrite and/or revise regulations that require a cap on fees card issuers may charge merchants for their debit transaction services.

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