Debit-Fee Rule Irks Retailers

WASHINGTON The Merchants Payments Coalition here last week said it was considering filing litigation after the Federal Reserve issued a final rule for assessing debit-card interchange fees that was more beneficial to banks than a previously proposed version. The most straightforward option we have is to bring litigation, and we are certainly looking very closely at that in the context of this rule,

WASHINGTON — The Merchants Payments Coalition here last week said it was considering filing litigation after the Federal Reserve issued a final rule for assessing debit-card interchange fees that was more beneficial to banks than a previously proposed version.

“The most straightforward option we have is to bring litigation, and we are certainly looking very closely at that in the context of this rule,” said Doug Kantor, counsel to the MPC, which includes several retail groups t

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