Eighth Circuit Strikes Down Federal Reserve's 21-Cent Debit Card Fee Cap

Eighth Circuit strikes down Federal Reserve's 21-cent debit card fee cap

While the court found the uniform cap unlawful, it did afford some flexibility for the Fed, admitting "perfection" is unrealistic.

Fed’s Debit Card Swipe Fee Rule Quashed By Appeals Court

A federal appeals court has upheld a lower court ruling striking down the Federal Reserve’s 21-cent cap on debit card interchange fees. This latest decision was handed down Monday (Oct. 26) by a three-judge panel of the 8th U.S. Circuit Court of Appeals, affirming a ruling last year that vacated…

Retailers win debit swipe-fee challenge in appeals court

The ruling sided with merchants who challenged the Fed's calculation of allowable processing costs under its 2011 regulation.

Appeals court upholds swipe fee decision, Fed must rewrite rule

A federal appeals court said the central bank must re-write its rule on debit card fee caps to strip out fixed cost considerations.

Merchants Welcome Appeals Court Ruling That Debit Swipe Fees Are Too High

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