(08.06.) The U.S. Senate rejected a plan backed by large banks for a six-month delay in a Federal Reserve rule to cap the debit-card swipe fees set by Visa Inc. (V) and MasterCard Inc. (MA)…

“It is stunning that the Senate chose to ignore every major banking regulator who warned that this rule could harm community banks and credit unions — and possibly even result in bank failures at a time when our country can least afford it,” said Trish Wexler, a spokeswoman for the Electronic Payments Coalition, a group whose members include JPMorgan and Bank of America Corp. (BAC)