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NRF Says Supreme Court Ruling on Swipe Fees Leaves Merchants and Consumers Paying Billions Too Much

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WASHINGTON--(BUSINESS WIRE)--The National Retail Federation today expressed disappointment at the U.S. Supreme Court’s announcement that it would not review an appellate court ruling on whether the Federal Reserve set a 2011 cap on debit card swipe fees higher than the level sought by Congress in legislation passed the year before. “The court’s decision is disappointing because it leaves merchants and their customers paying far more than intended by Congress,” NRF Senior Vice President and Gene

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