8:18 AM by Amber Nelson

Federal Reserve Chairman Ben Bernanke and the Fed’s Board of Governors are being sued over new debit card fee regulations passed by Congress. TCF National Bank, backed in Minnesota, filed the suit claiming the rules, which limit the amount of money banks can charge for card transactions, are unconstitutional.

"The purpose of sound regulation is to introduce or advance competition, not to destroy it," TCF's lawyers wrote in a court filing, as quoted in an article on

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