Victory for Banks as the U.S Court of Appeals Rules to Retain Fed’s Cap of 21 Cents

On 21st March 2014, the National Retail Federation, National Restaurant Association and many others involved - expressed disappointment in the court decision that saw the Federal Reserve’s cap on Debit card swipe fees remain at 21 cents. This ruling was issued by the US Appeals Court for the District of Columbia, and spells a victory for the banking industry.

NRF is disappointed and remains confident that the Federal Reserve erred when it set the sw ...

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