Franchise Industry Sees Victory in Debit Card Fee Lawsuit

U.S. District Court Judge Richard Leon struck down Federal Reserve regulations on debit-card transaction fees on July 31, a victory for retailers that process high numbers of low-ticket transactions. Leon found that the Fed adopted rules that "inappropriately" inflated fees by billions of dollars.

5 minute read September 01, 2013 at 03:42 PM
By
Zoe Tillman And Kevin Adler
Franchise Industry Sees Victory in Debit Card Fee Lawsuit

U.S. District Court Judge Richard Leon struck down Federal Reserve regulations on debit-card transaction fees on July 31, a victory for retailers that process high numbers of low-ticket transactions. Leon found that the Fed adopted rules that “inappropriately” inflated fees by billions of dollars.

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