US judge vacates Fed’s debit card 'swipe fees' rule, but pauses order for appeal
Thursday, 7 August 2025 ()
A U.S. judge has vacated the Federal Reserve’s “swipe fees” regulation that capped the amount banks charge merchants for processing debit transactions, in a ruling favoring retailers that have long complained about paying inflated amounts. The court ruling, issued by a federal judge in North…
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