Supreme Court Allows Merchants To Challenge Debit-Card Swipe Fees Beyond Six-Year Statute
Supreme Court Allows Merchants To Challenge Debit-Card Swipe Fees Beyond Six-Year Statute
The U.S. Supreme Court on Monday ruled that merchants may challenge debt-card swipe fees outside a six-year statute, sending a shock to the power of federal agencies.
美国最高法院周一裁定，商家可以在一项为期六年的法规之外质疑借记卡刷卡费，这让联邦机构的权力感到震惊。
The justices voted 6-3 on their ruling, determining that a North Dakota convenience store and truck stop may sue over a 2011 rule on charges that banks imposed on merchants because the six-year statute to sue doesn't apply to the store as it did not open until 2018, Bloomberg reported.
彭博社报道，法官们对他们的裁决以6票对3票，裁定北达科他州的一家便利店和卡车停靠站可以就2011年银行对商户收取的指控的规定提起诉讼，因为该商店直到2018年才开业，因此该商店的六年起诉法不适用于该商店。
The decision may boost the effect of a blockbuster ruling issued last week that overturned a 1984 precedent requiring judges to defer to an agency's reasonable interpretation of an unclear statute.
该裁决可能会增强上周发布的一项轰动一时的裁决的影响，该裁决推翻了1984年的一项先例，该裁决要求法官服从机构对一项不明确的法规的合理解释。
Also Read: Visa and Mastercard Reach Deal to Lower Swipe Fees, A Win for Merchants and Potential Boost for Consumer Choices: Analyst
另请阅读：Visa和万事达卡达成协议以降低刷卡费，这是商家的胜利，也是消费者的选择的潜在推动力：分析师
Justices Ketanji Brown Jackson, Sonia Sotomayor and Elena Kagan gave the dissenting votes on the swipe-fee decision and said that both rulings mean that judges can rule if "any new objection to any old rule" merits voiding the rule, according to Bloomberg.
据彭博社报道，大法官凯坦吉·布朗·杰克逊、索尼亚·索托马约尔和埃琳娜·卡根对刷卡费决定投了反对票，并表示这两项裁决都意味着法官可以裁定 “对任何旧规则的任何新异议” 是否值得宣布该规则无效。
"The tsunami of lawsuits against agencies that the court's holdings in this case and Loper Bright have authorized has the potential to devastate the functioning of the federal government," Jackson wrote, joined by Sotomayor and Kagan.
杰克逊写道：“法院在本案中持有的案件以及洛珀·布莱特批准的针对各机构的海啸式诉讼有可能破坏联邦政府的运作，” 索托马约尔和卡根也加入了这一行列。
The Fed rule came out of the 2010 Dodd-Frank Act, which included a provision responding to higher swipe-fee rates that said fees must be "reasonable and proportional," Bloomberg reported.
彭博社报道，美联储的规定源自2010年《多德-弗兰克法案》，该法案包括一项应对更高的刷卡费率的条款，规定费用必须 “合理和成比例”。
Price Action: Debit-card stocks and exchange-trade funds gave a mixed reaction to the Supreme Court ruling by Monday's mid-day trading. Discover Financial Services (NYSE:DFS) rose 1.38% to $132.62, while Nu Holdings Ltd. (NYSE:NU) dipped 4.32% to $12.35 and CPI Card Group Inc. (NASDAQ:PMTS) declined 2.53% to $26.56.
价格走势：在周一午盘交易中，借记卡股票和交易所交易基金对最高法院的裁决反应不一。Discover Financial Services（纽约证券交易所代码：DFS）上涨1.38％，至132.62美元，而Nu Holdings Ltd.（纽约证券交易所代码：NU）下跌4.32％，至12.35美元，CPI Card Group Inc.（纳斯达克股票代码：PMTS）下跌2.53％，至26.56美元。
Renaissance IPO ETF (NYSE:IPO) was up slightly 0.12%, FMQQ The Next Frontier Internet & Ecommerce ETF (NYSE:FMQQ) slid 0.69%.
文艺复兴首次公开募股ETF（纽约证券交易所代码：IPO）小幅上涨0.12％，FMQQ下一个前沿互联网和电子商务ETF（纽约证券交易所代码：FMQQ）下跌0.69％。
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