By  on August 18, 2014

WASHINGTON — The National Retail Federation, Boscov’s Department Store LLC and four other plaintiffs filed a petition for a Writ of Certiorari against the Federal Reserve’s Board of Governors on Monday, asking the Supreme Court to hear a case involving the debit card swipe fees that banks charge retailers when customers use the cards.

The retailers and industry groups are asking the justices to review a ruling by the U.S. Circuit Court of Appeals in March that overturned a lower court decision and let stand the Federal Reserve’s cap of 21 cents on debit card transactions.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus