Grocers 'disheartened' as swipe fee petition denied

The U.S. Supreme Court on Tuesday denied a petition by the Food Marketing Institute, National Association of Convenience Stores, National Retail Federation and other groups, which challenged the Federal Reserve’s rule on debit card swipe fees.

“We are disheartened that the Court rejected our case, reflecting utter failure to recognize the significance the ‘swipe fee’ issue holds for consumers and American businesses,” said FMI president and CEO

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