Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW: Court Acts On Fed, Merchant Interchange Request
WASHINGTON (9/19/13, UPDATED 5:15 p.m. ET)--The U.S. Court of Appeals for the District of Columbia has moved quickly to approve the request for expedited action on the Federal Reserve Board's appeal in the case known as NACS v. Board of Governors of the Federal Reserve System. The motion was just filed today.
 
As background, the merchant plaintiffs and the defendant Federal Reserve Board had filed an emergency motion today asking the court of appeals for expedited action in the case.
 
Specifically, the merchants and Fed asked that the court to move quickly on the Fed's appeal that attempts to overturn a lower court ruling that the regulator's implementation of the Dodd-Frank Act debit card interchange fee was faulty and should be scrapped.
 
The calendar set by the court is as follows:
  • Brief for Federal Reserve 10/21/13;
  • Joint Brief for Amici in Support of Federal Reserve 10/21/13;
  • Joint Brief for Merchants 11/20/13;
  •  Brief(s) for Amici in Support of Merchants 11/20/13; and
  • Reply Brief for Federal Reserve 12/04/13.


RSS print
News Now LiveWire
#NewsNow: NJ-based money services business fined for repeated #BSA violations. http://t.co/6or7wDbomL
3 minutes ago
#NewsNow: Wal-Mart to issue EMV MasterCards within next few weeks. http://t.co/9csqwhFEdB
26 minutes ago
#UMich consumer confidence index bounces back in August http://t.co/LJ1l7mk4Ty
57 minutes ago
IPSOS survey: Canada's #creditunions top for member service 10th consecutive year @CanadianCentral http://t.co/dSipMd4qnz
1 hours ago
#NewsNow Home-state visits connect lawmakers, credit unions http://t.co/Ti7HdH9gFo
1 hours ago