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The US Supreme Court has ruled in a case involving debit card 'swipe fees,' reviving a challenge to a Federal Reserve regulation. This decision, stemming from a North Dakota convenience store's legal challenge, could make it easier for businesses to overturn longstanding federal rules. The ruling potentially opens the door for more lawsuits against federal regulations, dealing a significant blow to the authority of federal agencies. The court's decision allows some regulations to be challenged even a decade or more after they were enacted. Companies like $V and $MA are particularly impacted by this ruling.
"The US Supreme Court dealt a fresh blow to the authority of federal agencies, ruling in a case over debit-card swipe fees that some regulations can be challenged a decade or more after they were enacted." https://t.co/Fy7X9CjMax @GregStohr
Supreme Court Allows Swipe-Fee Challenge in Blow to Regulators https://t.co/XiAMWdQ5xp
#SCOTUS revived a North Dakota convenience store's challenge to a Federal Reserve regulation on debit card 'swipe fees' in a ruling that could make it easier for businesses to try to undo longstanding federal rules https://t.co/UEHdJ4hdyt https://t.co/3CDcW2J0cl
