U.S. Supreme Court declines challenge to debit card rules

Reuters News
Posted: Jan 20, 2015 9:37 AM

WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday declined to take up a challenge by retailers to the Federal Reserve's controversial rules for debit card "swipe fees.”

The high court’s rejection of the appeal means a March 2014 ruling by the U.S. Court of Appeals for the District of Columbia Circuit that upheld the rules stays intact.

(Reporting by Lawrence Hurley; Editing by Will Dunham)