Fast-Food Chains Back Debit Card Fee Rule Challenge

Law360, New York (May 24, 2012, 2:00 PM ET) -- 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...
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