In a Win for Small Merchants, Judge Overturns Fed Ruling on Debit Card Fees

 

 

Score one for Main Street. In the ongoing saga between the nation's biggest banks and small retailers, the courts today ruled in favor of small businesses.
The United States District Court for Washington, D.C., Judge Richard Leon declared that the Federal Reserve was "non-compliant with Congress's clear mandate" when it set fees for debit card transactions in 2011 right.

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