DC Circ. OKs Fed's Limits On Debit Card Swipe Fees
A three-judge D.C. Circuit panel found that the Fed had reasonably interpreted the Dodd-Frank Act's so-called Durbin amendment when it finalized rules limiting the charges card issuers could pass along to retailers for processing debit card transactions.
The panel also found that vacating the rule "would lead to an entirely unregulated market" that could...
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