Retailers Rejected by U.S. Supreme Court on Debit-Card Fees
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Retailers will have to live with a U.S. regulation they say lets banks overcharge merchants by $3 billion a year.
The U.S. Supreme Court, without comment, left intact a Federal Reserve rule governing how much banks can collect for debit-card transactions. The retail industry argued the regulation didn’t go far enough in capping swipe fees at 21 cents per transaction.