Retailers applaud court’s rejection of flawed rule
- By [ Deborah White ]
- 08/07/2025
"RILA is pleased to see the court’s decision in Corner Post, which squarely rejects the Board’s flawed Reg II, which has – for far too long – imposed excessive costs on merchants and their customers," said Deborah White, RILA's Senior Executive Vice President and General Counsel and President of Retail Litigation Center.
"As the court stated so clearly, 'Having found each of the Board’s four newly-included costs in Reg II contravene the Durbin Amendment’s commands, the Court concludes the Board’s Regulation II is not in accordance with the law and the Board exceeded its statutory authority.'
"Accordingly, we respectfully urge the Federal Reserve to embrace this well-reasoned decision and revise Regulation II to align with the original intent of the Durbin Amendment’s clear language, instead of prolonging unproductive litigation with an appeal."
Media Contact: Ginger Gibson press@rila.org
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RILA is the US trade association for leading retailers. We convene decision-makers, advocate for the industry, and promote operational excellence and innovation. Our aim is to elevate a dynamic industry by transforming the environment in which retailers operate.
RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $2.7 trillion in annual sales, millions of American jobs, and hundreds of thousands of stores, manufacturing facilities, and distribution centers domestically and abroad.
