Should Retailers Expect Bank Refunds From the Swipe-Fee Lawsuit?

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Owners of coffee shops, convenience stores, and other Main Street businesses should take heart in a pair of recent utterances by U.S. District Judge Richard Leon. Last month, Leon ruled that the Federal Reserve acted incorrectly when it let banks charge as much as 21¢ for each debit card transaction. Yesterday, Leon suggested that banks may owe retailers refunds.

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