Reported 12 months ago
The US Supreme Court has revived a case involving debit card 'swipe fees' in a ruling that may lead to more challenges against federal regulations in the US. The decision allows a North Dakota convenience store to challenge a Federal Reserve regulation on debit card swipe fees, arguing that businesses should have the freedom to challenge regulations they find unlawful and burdensome. The ruling could potentially impact the regulations on how much businesses pay banks for debit card transactions in the country.
Source: YAHOO