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.
美國最高法院週一裁定，商家可以在一項爲期六年的法規之外質疑借記卡刷卡費，這讓聯邦機構的權力感到震驚。
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.
彭博社報道，法官們對他們的裁決以6票對3票，裁定北達科他州的一家便利店和卡車停靠站可以就2011年銀行對商戶收取的指控的規定提起訴訟，因爲該商店直到2018年才開業，因此該商店的六年起訴法不適用於該商店。
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.
該裁決可能會增強上週發佈的一項轟動一時的裁決的影響，該裁決推翻了1984年的一項先例，該裁決要求法官服從機構對一項不明確的法規的合理解釋。
Also Read: Visa and Mastercard Reach Deal to Lower Swipe Fees, A Win for Merchants and Potential Boost for Consumer Choices: Analyst
另請閱讀：Visa和萬事達卡達成協議以降低刷卡費，這是商家的勝利，也是消費者的選擇的潛在推動力：分析師
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.
據彭博社報道，大法官凱坦吉·布朗·傑克遜、索尼亞·索托馬約爾和埃琳娜·卡根對刷卡費決定投了反對票，並表示這兩項裁決都意味着法官可以裁定 “對任何舊規則的任何新異議” 是否值得宣佈該規則無效。
"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.
傑克遜寫道：“法院在本案中持有的案件以及洛珀·布萊特批准的針對各機構的海嘯式訴訟有可能破壞聯邦政府的運作，” 索托馬約爾和卡根也加入了這一行列。
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.
彭博社報道，聯儲局的規定源自2010年《多德-弗蘭克法案》，該法案包括一項應對更高的刷卡費率的條款，規定費用必須 “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.
價格走勢：在週一午盤交易中，借記卡股票和交易所交易基金對最高法院的裁決反應不一。Discover Financial Services（紐約證券交易所代碼：DFS）上漲1.38％，至132.62美元，而Nu Holdings Ltd.（紐約證券交易所代碼：NU）下跌4.32％，至12.35美元，CPI Card Group Inc.（納斯達克股票代碼：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%.
文藝復興首次公開募股ETF（紐約證券交易所代碼：IPO）小幅上漲0.12％，FMQQ下一個前沿互聯網和電子商務ETF（紐約證券交易所代碼：FMQQ）下跌0.69％。
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