BAVIS_1170x120_10-22-20

North Dakota Retail Association

Retailers sue Fed over debit card swipe fees

Retailers sue Fed over debit card swipe fees

WASHINGTON — Retailers filed a lawsuit on Thursday seeking to compel the Federal Reserve to lower its 10-year-old cap on the “swipe” fees banks charge to process debit card transactions. The suit, filed by the North Dakota Retail Association and the North Dakota Petroleum Marketers Association in U.S. District Court in Bismarck, N.D., charges that