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NACS et al v. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

  1. August 18, 2014

    NACS Urges High Court To Nix Debit Card Swipe Fees Rule

    Retailers on Monday urged the U.S. Supreme Court to undo the Federal Reserve's rule for debit card swipe fee limits, arguing it unlawfully allows banks to inflate by billions of dollars annually the interchange fees they charge merchants and thus consumers.

  2. August 29, 2013

    Retailers Back Fed's Bid To Stay Debit Swipe Fee Ruling

    The retailers opposing the Federal Reserve's current debit card transaction fee limits urged a Washington federal judge Wednesday to stay a ruling in their favor that invalidated Fed rules, warning that because no alternate framework yet exists, it would leave the debit industry unregulated.

  3. August 21, 2013

    Fed Says It Will Appeal Debit-Card Swipe Fee Ruling

    The Federal Reserve System told a Washington federal judge on Wednesday that it will appeal his ruling nixing their debit card transaction fee limits and fight to keep the rule in place while it awaits a D.C. Circuit decision.

  4. July 31, 2013

    Fed's Limit On Debit-Card Swipe Fees Tossed By Judge

    A federal judge in Washington on Wednesday said the Federal Reserve's 2011 rules limiting debit card transaction fees were "indefensible" and went counter to congressional intent to rein in so-called swipe fees, sending the rule back for a rewrite.

  5. October 02, 2012

    Fed's Debit Card Fee Rule Warps Dodd-Frank, Merchants Say

    A retail and convenience store coalition urged a Washington federal judge on Tuesday to toss the Federal Reserve's rule on debit card transaction fees, claiming the board ignored Congress' intent for the fees under the Dodd-Frank Act and saddled small-transaction businesses with steep costs.

  6. May 24, 2012

    Fast-Food Chains Back Debit Card Fee Rule Challenge

    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.

  7. April 16, 2012

    Debit Card Fee Rule Is Legal Under Dodd-Frank, Fed Says

    The Federal Reserve on Friday urged a judge to toss a suit by retailers challenging the level at which it has set debit card transaction fees, saying the level was reasonable and didn't overstep the Fed's authority to set the limits granted by the Dodd-Frank Act.

  8. March 15, 2012

    Financial Lobby Fights Lower Cap On Debit Swipe Fee

    The Federal Reserve's flawed restrictions on debit card fees already are hurting banks and credit unions, but the legal quest by retailers to lower the cap on debit card transaction fees would only worsen the impact, a coalition of financial industry groups said Thursday.

  9. March 05, 2012

    Retailers Say Fed Ignored Congress In Debit Fee Rule

    Retailers challenging the Federal Reserve Board's restrictions on debit card fees on Friday said that the central bank went against Congress' intent in deciding how fees would be determined, and should not receive a deferential judicial review.

  10. November 22, 2011

    Retailers Sue Fed Over Debit Transaction Fees Cap

    The National Retail Federation and other retail organizations on Tuesday sued the U.S. Federal Reserve in Washington federal court for allegedly caving to banks and adopting an unreasonably high cap on debit card transaction fees.

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