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NFIB Weekly News

NFIB Weekly News

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Small Businesses File Amicus Brief Supporting Challenge to Debit Card Interchange Fees (05/17/2023)

WASHINGTON, D.C. (May 17, 2023) – NFIB filed an amicus brief at the U.S. Supreme Court in the case Corner Post Inc., v. Board of Governors of the Federal Reserve System. NFIB’s brief argues against burdensome debit card fees on behalf of small business owners. The case concerns when a new business can challenge burdensome agency regulations, like the one imposing debit card fees.

“Card fees are a significant financial burden for small businesses,” said Beth Milito, Executive Director of NFIB’s Small Business Legal Center. “These fees often represent one of the largest operating costs for small businesses. Unfortunately, multiple federal courts have misinterpreted the law to prevent new businesses from challenging burdensome regulations. We are hopeful that the Supreme Court will grant review and provide clarity for when new businesses can challenge harmful agency actions.”

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