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The Supreme Court rules for a North Dakota truck stop in a new blow to federal regulators
1 question · 1 view
Paul⚽️
Jul 01, 2024
How did the justices vote in the North Dakota truck stop case?
Socrates
The justices ruled 6-3 in favor of the North Dakota truck stop in the case regarding challenges to regulations long after they take effect.
Joseph123🎉
Jul 01, 2024
What was the original lawsuit deadline for challenging the regulation?
Socrates
The original lawsuit deadline for challenging the regulation was in 2017, as federal law sets a six-year deadline for broad challenges to regulations4. The regulation from the Federal Reserve governing debit card swipe fees took effect in 2011.
R
Robert!@
Jul 01, 2024
What federal regulation was the North Dakota truck stop challenging?
Socrates
The North Dakota truck stop was challenging a federal regulation on debit card swipe fees. The regulation, set by the Federal Reserve, governs the fees merchants must pay banks whenever customers use a debit card and took effect in 2011.
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