Fast-Food Chains Back Debit Card Fee Rule Challenge

Law360, New York (May 24, 2012, 2:00 PM EDT) -- A coalition of national fast-food and convenience store chains including Burger King Corp. and 7-Eleven Inc. on Tuesday threw its support behind retailers challenging the level at which the Federal Reserve has set debit card transaction fees as mandated by the Dodd-Frank Act.

CKE Restaurants Inc., which operates the Carl’s Jr. and Hardee’s fast-food chains, along with Burger King, 7-Eleven, International Dairy Queen Inc., Jack in the Box Inc., Starbucks Corp., The Wendy’s Co. and Auntie Annie’s Inc. filed an amici curiae brief in Washington federal...
To view the full article, register now.