Supreme Court orders new look at "swipe fees" law

AP News
Posted: Mar 29, 2017 10:13 AM

WASHINGTON (AP) — The Supreme Court is ordering a lower court to take a new look at a New York law that prohibits businesses from imposing fees on credit-card purchases.

The court ruled unanimously Wednesday in a case about fees that merchants pay to credit-card issuers each time a customer charges a purchase. The fees typically range from 2 percent to 3 percent and generate more than $50 billion a year.

The issue before the justices was whether the measure violates merchants' free-speech rights. The federal appeals court in New York that upheld the law concluded that it regulated conduct, not speech.

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The justices said the law deals with speech and ordered the appeals court to re-evaluate it.