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Interchange Arguments Set for Jan. 17

Posted on 11/13/2013

The case over the Federal Reserve's interchange rule will be heard by the U.S. Court of Appeals for the D.C. Circuit on Jan. 17, 2014. A three-judge panel will weigh a ruling by District Court Judge Richard Leon, who in July found that the Fed's rule violated congressional intent in the Dodd-Frank Act by setting the interchange fee cap too high and failing to allow merchants to choose multiple unaffiliated PIN and signature networks for each card transaction they process.

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