The justices ruled 6-3 in favor of a truck stop in North Dakota that wants to sue over a regulation on debit card swipe fees that the federal appeals court in Washington upheld 10 years ago.
WASHINGTON — The Supreme Court opened the door Monday to new, broad challenges to regulations long after they take effect, the third blow in a week to federal agencies.
The decision could take on new significance in the wake of last week’s ruling that overturned the 1984 Chevron decision that made it easier to uphold regulations across a wide swath of American life. The court also stripped the Securities and Exchange Commission of a major tool to fight securities fraud.
Federal Reserve Truck Stop Swipe Fees Corner Post
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