Court Orders Fed to Rewrite Debit Card Swipe Fee Rule

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 Court Orders Fed to Rewrite Debit Card Swipe Fee Rule appeared first on PYMNTS.com.