A federal judge ruled that the Federal Reserve’s cap on debit card swipe fees is illegal.
Judge rules Fed’s cap on debit card swipe fees is illegal
August 08, 2025 / By ICBA
A federal judge ruled that the Federal Reserve’s cap on debit card swipe fees is illegal.
A federal judge ruled that the Federal Reserve’s cap on debit card swipe fees is illegal.
Details: In the Corner Post case, U.S. District Judge Daniel Traynor ruled that the Fed exceeded its authority in how the central bank set limits on debit card interchange fees.
ICBA View: ICBA recently commented on the Reg II survey, its regulatory burden, debit card fraud, and the effect on small businesses.
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