Nautilus Hyosung

The Federal Reserve Board met its Dec. 4 deadline for filing its reply to merchants' arguments against the agency's implementation of the Dodd-Frank-imposed debit interchange fee cap.

In November, the merchants argued that that the U.S. Court of Appeals for the District of Columbia Circuit should affirm an earlier court decision that struck down the Federal Reserve's debit card interchange fee cap and network non-exclusivity regulations.

The Fed response Wednesday makes arguments to counter those of the merchants' that say the Fed made errors in implementing the rule and therefore the rule should be scrapped and rewritten.

The Fed made a request that the court reverse the judgment of the district court and that the case be remanded with instructions to enter judgment in favor of the Fed and its rule.

Circuit Judges David Tatel, Harry Edwards and Stephen Williams will hear oral arguments from the Fed and merchants at 9:30 a.m. Eastern on Jan. 17.

Read more about regulatory issues.

Related Content

User Comments – Give us your opinion!
Products & Services

Online ATM and Debit Issuer System

http://global.networldalliance.com/new/images/products/6619.png

6619/Online-ATM-and-Debit-Issuer-System

Small footprint ATMs for lobby, drive-up and walk-up

http://global.networldalliance.com/new/images/products/6923.png

6923/Small-footprint-ATMs-for-lobby-drive-up-and-walk-up

TMD Security Pack DIP: Anti-skimming with integrated Skimming …

http://global.networldalliance.com/new/images/products/6209.png

6209/TMD-Security-Pack-DIP-Anti-skimming-with-integrated-Skimming-Device-Detection-and-Tilt-and-Vibration-Protection

joono

http://global.networldalliance.com/new/images/products/4675.png

4675/joono

BankWorld ATM – Management Suite

http://global.networldalliance.com/new/images/products/5619.png

5619/BankWorld-ATM-Management-Suite

Electronic Security Solutions

http://global.networldalliance.com/new/images/products/6909.png

6909/Electronic-Security-Solutions

GRG Global Customer Exchange 2013

http://global.networldalliance.com/new/images/products/6759.png

6759/GRG-Global-Customer-Exchange-2013

Fire Safety

http://global.networldalliance.com/new/images/products/6057.png

6057/Fire-Safety

Retail ATM - Tranax C4000

http://global.networldalliance.com/new/images/products/mb4k_view13_100.gif

1188/Retail-ATM-Tranax-C4000

KAL Software

http://global.networldalliance.com/new/images/products/KAL_Logo_SF100.gif

885/KAL-Software

NCR
ATM & Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.