Judge Richard J. Leon Federal Brief Decision
Plaintiffs NACS (formerly, the National Association of Convenience Stores),
National Retail Federation (“NRF”), Food Marketing Institute (“FMI”), Miller Oil Co.,
Inc. (“Miller”), Boscov’s Department Store, LLC (“Boscov’s) and National Restaurant
Association (“NRA”) (collectively, “plaintiffs”) bring this action against the Board of
Governors of the Federal Reserve System (“defendant” or “the Board”) to overturn the
Board’s Final Rule setting standards for debit card interchange transaction fees
(“interchange fees”) and network exclusivity prohibitions. Read more.
