Fed loses debit card cap appeal

T2Covered by 1 source · first reported by Payments Dive / Banking Dive at 26 Oct, 20:08 UTC

The Federal Reserve’s debit card interchange rule doesn’t follow the intent of Congress in setting a limit for swipe fees, an appellate court ruled Monday.

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Sources

• T2Fed loses debit card cap appealPayments Dive / Banking Dive26 Oct, 20:08