Supreme Court lets swipe fee ruling stand

February 2, 2015 by Mark Baumgartner and Chain Drug Review credit card, debit card, Dodd-Frank Wall Street Reform and Consumer Protection Act, Federal Reserve, Food Marketing Institute, National Association of Convenience Stores, National Retail Federation, retailers, Supreme Court, swipe fees 2015, Issue 02-02-2015, News

WASHINGTON — Trade groups representing many of the nation’s largest retailers expressed frustration after the Supreme Court on January 20 declined to take up their challenge to the Federal Reserve’s hotly debated rules for “swipe fees” assessed on credit card and debit card transactions. Retailers and other businesses pay the fees to banks and other financial