Home > NFIB Weekly News

Font Adjust: A | A | A
NFIB Weekly News

NFIB Weekly News

NFIB Weekly News Leading the News

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.”

Read the full article here

This website and the articles contained within are provided as a free service to you and for general informational purposes only. Information on this website is not intended to provide legal, accounting, tax or other advice. Please consult your attorney, accountant, or financial or other advisor with regard to your individual situation. We also make no warranty or representation regarding, and do not endorse, any linked websites or the information appearing there.
© 2024 Small Business Resources.