The Senate overwhelmingly rejected a measure from Sen. Sheldon Whitehouse late Wednesday that would require national banks to offer credit based on the interest rate limits in cardholders' states.

The amendment did not generate significant support, failing 60 to 35 amid opposition from Democrats with large card operations in their state, including Sen. Tom Carper of Delaware. Even Senate Banking Committee Chairman Chris Dodd, who said he respected the effort, opposed adding the measure to the regulatory reform bill.

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