NRF Asks U.S. Supreme Court to Review Swipe Fee Ruling

The National Retail Federation (NRF) on Monday told the U.S. Supreme Court that the debate over debit card swipe fees is "of staggering importance" and asked the justices to review a ruling that left the Federal Reserve's cap on the billions of transactions conducted each year at 21 cents rather than reducing it to a lower level. "There's so much at stake here for U.S. retailers and their customers that we have no choice but to pursue this case as far as possible," NRF Senior Vice President and General Counsel Mallory Duncan said.