US Supreme Court allows North Dakota truck stop to challenge 2011 Federal Reserve debit card fee regulation.

The US Supreme Court ruled in favor of a North Dakota truck stop, allowing it to challenge a Federal Reserve regulation on debit card "swipe fees" that was upheld in 2011. This ruling could enable businesses to challenge longstanding federal rules more easily, as the court found that a six-year statute of limitations doesn't bar the suit because the business in question didn't open until 2018.

July 01, 2024
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