US EditionND District Court Invalidates Longstanding Debit Card Interchange Rule
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ND District Court Invalidates Longstanding Debit Card Interchange Rule
On August 6, 2025, in Corner Post, Inc. v Board of Governors of the Federal Reserve System, the U.S. District Court for the District of North Dakota (the “Court”) granted Corner Post’s motion for summary judgment, finding that the Federal Reserve Board (the “Board”) exceeded its authority in adopting Regulation II, which in part caps debit card interchange fees.... Continue Reading
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