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TCF's profits plunge in fourth quarter

CEO Bill Cooper says new rules that cap how much banks can charge retailers for debit card transactions are partly to blame for the poor numbers. He also cited start-up costs associated with a new specialty finance division.
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CEO Bill Cooper says new rules that cap how much banks can charge retailers for debit card transactions are partly to blame for the poor numbers. He also cited start-up costs associated with a new specialty finance division.

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