Fed’s Debit Card Swipe Fee Rule Quashed By Appeals Court
By PYMNTS
AI summary of the source article
A three-judge panel of the 8th U.S. Circuit Court of Appeals has upheld a lower court decision striking down the Federal Reserve's 21-cent cap on debit card interchange fees. The ruling affirmed a decision from last year that vacated the cap.
Key facts
- The 8th U.S. Circuit Court of Appeals upheld a lower court ruling striking down the Federal Reserve's 21-cent debit card interchange fee cap.
- The decision was issued on Monday, Oct. 26, by a three-judge panel.
- The ruling affirms a decision from last year that vacated the cap.
Source excerpt · PYMNTS
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 the cap. The decision stems […] The post Fed’s Debit Card Swipe Fee Rule Quashed By Appeals Court appea…