NACS V. THE FEDERAL RESERVE SYSTEM

​Issue: Interchange
Court: U.S. Supreme Court (certiorari stage)
Lower Court: U.S. Court of Appeals for the District of Columbia Circuit

RLC's Position:
The RLC submitted a brief asking the U.S. Supreme Court to grant certiorari and reverse the D.C. Circuit's judgment upholding the Federal Reserve's regulation on debit interchange fees.  The Federal Reserve improperly interpreted the Durbin Amendment when it allowed banks to include their fixed costs in the fees that are charged to retailers for debit transactions. If left unchanged, retailers and their customers will continue to pay unnecessary charges contrary to the law.

Case Outcome:
The U.S. Supreme Court denied the petition for certiorari.

Case Procedure and Documents:

• NACS' Petition for Certiorari filed August 2014
• NACS' Cert Reply Brief filed November 2014
• Petition denied January 2015

Please use the DOWNLOAD button below to access the RLC's Brief.