Rap Impresario Simmons Wins Exemption on Debit-Card Fee

June 24, 2010  |  

(Bloomberg) — It was surely the only time that lawmakers hammering out the financial-regulation bill were lobbied by a man wearing a hoodie and a New York Yankees baseball hat. That’s how Russell Simmons showed up on Capitol Hill earlier this month to fight a proposal to cap the fees retailers pay banks to process debit-card payments.

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